The federal government will rack up $12.2 trillion in deficits through 2029, according to a new projection from the non-partisan Congressional Budget Office (CBO), an $809 billion increase from its last projection in May.
CBO, Congress’s official budgeting scorekeeper, said that the deficits would average 4.7 percent of GDP through the next decade, a significant increase from the 2.9 percent average over the past 50 years.
Full Story @ The Hill
Left vs. Right Bias: How we rate the bias of media sources
