The CBO Finds Medicare Looking a Little Healthier, Social Security Looking a Little Worse, and the Overall Budget a Mess
The Congressional Budget Office released their annual report on the long-term budget outlook today, and you’ll be forgiven for thinking you’ve heard this story before: The long-term debt picture is an unsustainable mess because of our health and retirement systems and accumulating interest payments. There are a couple optimistic signs: The CBO foresees deficits continuing to be small in the next couple of years, and revised their Medicare cost growth estimates downward ever so slightly…Read More
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