Long Term Budget Forecasts

The Baseline Scenario: Long-Term Budget Forecasts for Beginners

The CBO predicts that if our leaders do nothing, leave current laws in place and let expiring laws expire, the debt will level out at about 75-80% of GDP but if our leaders continue to act the way they have the last ten/fifteen years and extend these expiring laws (tax cuts, AMT, DocFix) the debt will balloon to over 180% of GDP.

It's like a bucket of shit. The more you stir it, the more it stinks.

tnb