The Congressional Budget Office has released its 2018 report on the Long-Term Budget Outlook for the U.S. Government. In it, CBO analysts make surprisingly blunt assessments of the government’s worsening fiscal condition, which they confirm is primarily driven by excessive growth in government’s projected spending.
How blunt are they? They’ve directly inserted that message into several of the report’s graphics, starting with the cover page:
The CBO identifies the projected increases in spending on the U.S. government’s so-called “mandatory” welfare programs, which includes Social Security, Medicare, Medicaid, and the Affordable Care Act as the main drivers, with the amount of Net Interest