The CBO sounds another spending alarm

Published August 13, 2019 11:00am ET



Just 10 months into the fiscal year, our budget deficit has already surpassed the totality of that of 2018. Currently at $867 billion, the federal government’s 2019 budget deficit is slated to surpass the $1 trillion mark.

Coincidentally, the nonpartisan Congressional Budget Office is out with a new summary of the long-term budget outlook, and needless to say, the results are horrifying.

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