Can the Donald make the ultimate deal?
The Congressional Budget Office’s budget and economic outlook for the next decade paints a grim picture of the nation’s fiscal situation and shows we continue to be on an unsustainable budget path.
Despite years of warnings by CBO and others that this path will lead to fiscal disaster, Congress continually has failed to make substantive reforms. With Republicans now in control of the White House as well as Congress, they have the opportunity to make much needed reforms to avert the crisis.
The CBO report, released Tuesday, covers fiscal years 2017 through 2027. Here are four key findings:
1. Spending continues to climb out of control.