The Congressional Budget Office (CBO) forecasts that U.S. deficits and debt will increase over the next 30 years, but at a slower pace due to spending caps and a stronger GDP. This projection is attributed to discretionary spending limits set by Congress and anticipated GDP growth from increased immigration.
CBO says US 30-year deficits to grow at slower pace due to spending caps, stronger GDP - Reuters https://t.co/o4XlXFjcs2
CBO projects massive debt reckoning despite some improvements https://t.co/RHfes6616b https://t.co/RHfes6616b
CBO SAYS 30-YEAR DEBT AND DEFICIT FORECASTS ARE LOWER DUE TO DISCRETIONARY SPENDING LIMITS PASSED BY CONGRESS, STRONGER PROJECTED GDP GROWTH DUE TO INCREASED IMMIGRATION
⚠️ CBO SAYS US 30-YEAR DEFICITS TO GROW AT SLOWER PACE DUE TO SPENDING CAPS, STRONGER GDP Full Story → https://t.co/CYpt4imDCm The Congressional Budget Office said on Wednesday that U.S. deficits and debt will grow considerably over the next 30 years as interest costs mount,…
🔴 CBO SAYS 30-YEAR DEBT AND DEFICIT FORECASTS ARE LOWER DUE TO DISCRETIONARY SPENDING LIMITS PASSED BY CONGRESS, STRONGER PROJECTED GDP GROWTH DUE TO INCREASED IMMIGRATION.