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CBO report shows Washington in denial over entitlements

By Washington Examiner
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CBO report shows Washington in denial over entitlements

This week, the nonpartisan Congressional Budget Office delivered the sort of bad news that Washingtonians routinely shrug off, even though it should make them feel like their hair is on fire.

In less than 10 years, the agency projects that Uncle Sam will run annual deficits closer to $2 trillion than the current $1 trillion per year, and that’s assuming that all of the temporary tax cuts in the 2017 tax reform law are allowed to expire.

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Budgets Budgets and Deficits Congressional Budget Office Editorials Medicare and Medicaid Social Security