Thursday, July 15, 2021

Another CBO update

 See: https://www.cbo.gov/publication/57344

This is similar to their previous update, but this has more graphs.  The funniest thing about it is this joke: "After spiking in 2021 and falling in 2022, inflation increases in 2023 and remains slightly above the Federal Reserve’s long-run goal of 2 percent for several years."  The chart shows inflation spiking to about 2.5% in 2021 and then dropping back to 2% in 2022.  They need to talk to the Department of Labor which just showed inflation at 5.4% for the last year.  So this report is pure fantasy.

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