Budget Deficit Primed to Grow


by The Heritage Foundation on Oct 9, 2014 | Views: 140 | Score: 0
Sources: cbo.gov
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The Heritage Foundation
The Heritage Foundation on Oct 9, 2014 12:17 PM said:

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.

Noah
Noah on Oct 10, 2014 10:13 AM said:

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?