Todays Budget and Economic Outlook report by the nonpartisan Congressional Budget Office shows how much progress we have made over the past few years to bring down budget deficits – yet it also reminds us how much work is left to tackle our long-term, structural debt. Since President Obama took office, deficits have been cut in half, and the deficit as a share of GDP has fallen significantly. However, todays report shows how serious the problem of compounding interest on our debt really is and how much more Congress must do to address our long-term budget picture problem in a balanced and responsible way that does not put the burden on the most vulnerable Americans. 1.usa.gov/1Bsk8Ni
Posted on: Mon, 26 Jan 2015 23:08:58 +0000
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