The Congressional Budget Office has released its 2023 Long-Term Budget Outlook. Within it, two charts stand out, which the CBO combined into one figure to convey its message.
Here it is:
What’s the message the CBO is sending? The U.S. government’s fiscal situation is getting worse. As the Washington Examiner’s Bruce Thompson reports, the CBO isn’t shying away from identifying the cause of the government’s fiscal problems:
The report clearly shows the country has a massive spending problem. The numbers reveal that the rising budget deficits are the result of record-high levels of spending and not due to lower tax revenue. The CBO states flatly that the
