The Congressional Budget Office projects the federal budget deficit will increase significantly over the next ten years. Its baseline projection (n) shows a deficit of nearly $1 trillion by 2024, and the alternative fiscal scenario (n), generally a more realistic projection, shows the deficit exceeding $1.25 trillion.
That is a frightening future. If the trend has been deficit reduction for the past few years, why is it expected to increase so much over the next 10? Is this social security/medicare?
The Congressional Budget Office projects the federal budget deficit will increase significantly over the next ten years. Its baseline projection (n) shows a deficit of nearly $1 trillion by 2024, and the alternative fiscal scenario (n), generally a more realistic projection, shows the deficit exceeding $1.25 trillion.
That is a frightening future. If the trend has been deficit reduction for the past few years, why is it expected to increase so much over the next 10? Is this social security/medicare?