Ten unfavorable truths about federal finances in the latest CBO report

The conclusion:

…the CBO report paints a disturbing portrait of unsustainable federal debt accumulation driven entirely by spending, and by entitlement spending in particular. To spare our children and grandchildren from unprecedented levels of taxation and/or indebtedness, entitlement reforms that slow these programs’ growth are desperately needed, the sooner the better.

Knowledge is power: best to read the whole post. Then, the full CBO report.

Via Economics 21.

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