Biggest understatement of the day – CBO: U.S. Budget Outlook ‘Daunting’

This is unbelievable.  The CBO has just released a new report showing that in ten years our national debt will be 101% of our GDP.  Ten years!  I knew we were in bad shape but didn’t realize we were on life support.  And yet some ‘economists’ are still arguing that the government just needs to spend more money.  See here and here.  It more and more feels like we’re living in bizarro world.

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