U.S. Budget Woes, the CBO Projections

Authors: Dennis W. Jansen, Liqun Liu, Andrew J. Rettenmaier Date: April 2018

The latest projections from the Congressional Budget Office are worrisome and were expected to be so. In fact, federal debt held by the public is projected to be 106% of GDP by 2028 and deficits are expected to persist throughout the 10 year forecast horizon. In the Spring 2018 Issue of PERCspectives on Policy, Dennis W. Jansen, Liqun Liu, and Andrew J. Rettenmaier discuss the CBO's forecasts and the causes and long-lasting effects of these deficits. 

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Keywords: CBO, Congressional Budget Office, Projections, debt