The nonpartisan Congressional Budget Office (CBO) Tuesday came out with its annual Long-Term Budget Outlook. In a familiar refrain, CBO once again warns that the national debt is on an unsustainable course that threatens long-term economic growth.
All of us at Fix the Debt are saddened by the passing of James Lee, who died today at the age of 62.
The 2016 presidential campaign continues to ramp up, with Hillary Clinton holding a high-profile rally over the weekend and Jeb Bush formally announcing his campaign today. Meanwhile, activists are also ramping up their efforts to get the attention of the candidates and spark a constructive discussion about the federal budget through our First Budget initiative.
Every day there is news about the presidential campaign, but we don’t hear many new ideas from the candidates. We are working hard to change that.
Washington is having a hard time reaching agreement on how to pay for its policies. To escape this reality, lawmakers may resort to illusions that would make Houdini blush. But this is no free show. These gimmicks will add to the already unsustainable long-term national debt. Here are some gimmicks to look out for.