U.S. Government Debt Getting Worse

image

Via The Washington Examiner –

Congress’ budget office again warned that the U.S. faces a massive debt problem Tuesday, using stark language to describe the government’s long-term mismatch between spending and revenues even as it slightly upgraded its projections for debt over the next 25 years.

“The long-term outlook for the federal budget has worsened dramatically over the past several years, in the wake of the 2007-2009 recession and slow recovery,” the Congressional Budget Office reported in its long-term budget outlook for 2015 released Tuesday.

You can read the rest here

Advertisement

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.