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Federal Budget Deficits Are Projected to Decline Through 2015 but Rise Thereafter, Further Boosting Federal Debtblog post
In recent years, debt held by the public has been significantly greater relative to GDP than at any time since just after World War II; under current law it will continue to be quite high by historical standards during the next decade.      Presentation to the Economic Club of Minnesotablog post
During his presentation, Director Doug Elmendorf emphasized that federal debt remains on an unsustainable path, and the composition of federal spending is changing dramatically from what it has been in the past. Making Choices About Federal Spending and Taxespresentation
Presentation by Doug Elmendorf, CBO Director, to the Economic Club of Minnesota |
