Federal Deficits to Rise More Than Expected Over Next Decade, CBO Says

WASHINGTON—Federal deficits are projected to grow much more than expected over the next decade thanks to the two-year budget agreement lawmakers and the White House struck last month, the Congressional Budget Office said Wednesday.

The agency increased its forecasts for deficits over the next decade by $809 billion, to $12.2 trillion, in updated budget projections released Wednesday. The increase primarily reflects higher federal spending under the new budget deal, partly offset by lower projected interest rates.

It costs money to fix important things left broken from predecessors in the first term. In the second best me, we can slash all non essential government programs. This was proven to be ok to do during the last shutdown.

Too many bloodsuckers in Washington!

Learn more about the deficit! DYK government spending has exceeded revenue in all but six years since 1980😮 According to CBO, US budget deficit is expected to cross the $1 Trillion mark by 2020 deficit Facts

Deficits dont matter, if you have the reserve currency FFS.

It’s time for the House and Senate to cut the waste. There is plenty of revenue coming in, its their time to start cutting their fat programs and sweetheart deals! Step up, or go home for good!

Why do people continue to call it a 'budget'? It's not a 'budget' when they over-spend by $1 trillion a year. The proper word would be 'idiocy'. Just call it 'Congressional Economic Idiocy'.

Neither GOP nor Dems talk much about it. A rare exhibit of Bipartisanship. David Stockman, note.

Find a Tea Party candidate and vote for them.

Just completely abolish the corporation tax that’ll help

Three social programs driving this...

Stop cutting taxes if there are no spending cuts to offset the cost!! It is not right to add trillions more to national debt just to prop up the economy!

Hey MAGA SenToomey your TaxScam bill will continue hurting America for years to come.

Thanks you GOP more ammo for the TheDemocrats

No more tax cuts without matching Tariffs or off-setting taxes on the wealthy. What?! THIS Fed cooperate with Uncle Sam in financing an Infrastructure package? THIS Fed is out for the President, to depose said man.

The wise general in a time of peace prepares for war. Tax cuts and low interests during a low unemployment - record gains financial markets is not the way of the wise general.

“Donald Trump inherited a growing economy from the Obama-Biden administration, just like he inherited everything in his life,” Joe Biden says here in Iowa. “And he squandered it, like he did everything else.'

RenscoExecutive thank YOU TRUMP

Another broken promise from Trump

Irresponsible republicans. What happened to the Tea Party and the Freedom Caucus? Lol

Wow the DEFICIT HAWKS ARE AT IT AGAIN

Deficits? Who cares about that

Imagine if we did not have to pay for lazy parasites from fecalhole nations.

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