Friday, February 12, 2021

CBO Budget and Economic Outlook 2021 to 2031

 https://www.cbo.gov/system/files/2021-02/56970-Outlook.pdf

This is supposedly a forecast of the budget deficits, debt, revenues, and spending for the next 10 years.  It is completely unreliable and will be obsolete within a month when Biden's $1.9 trillion stimulus package is passed.  It projects the Debt Held By the Public to be $22,461 at the end of FY 2021.  It is currently $21.750 tn, and by the end of the fiscal year it will likely be above $25 trillion.  It projects inflation at 1-2% for the next 10 years when the actual rate will be closer to 10%.  It projects that the annual deficit will fall to as low as $905 billion in 2024, when the actual number will be likely $3 trillion or more.

If you enjoy reading government propaganda and being lied to, read it.

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