Congressional Budget Office futures

The United States Congressional Budget Office (CBO) issued its annual projections about this nation’s fiscal health.  As before, the CBO offered a scenario set, which draws heavily on extrapolations.

That’s two (2) scenarios, one being the “if things go on and people are sane”, the other where things are kinda worse (“much bleaker”).

Interestingly, “extended alternative” is not the worst CBO could come up with.  The end of the report mentions negative factors which could appear, including bad interest rates and a decline in gross national product (GDP).

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