A new Congressional Budget Office (CBO) report says that “the deficit this year will increase, relative to the size of the economy, for the first time since 2009.”  CBO researchers continue,

If current laws generally remained unchanged, the deficit would grow over the next 10 years, and by 2026 it would be considerably larger than its average over the past 50 years, CBO projects. Debt held by the public would also grow significantly from its already high level.

That is not good news.

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