While the CBO’s (Congressional Budget Office) 2018-2028 report presents federal budget projections, the numbers also reflect the tradeoffs and some tough decisions.
An ignored issue during the first presidential debate, the soaring federal debt would increase further if Clinton and Trump implemented their proposals.
While economic concerns about China can be statistically confirmed, those China worries might be unwarranted when we look more closely at the tradeoffs.
Through just two graphs, one chart and a game, you can learn all you need to know about federal deficits, surpluses and the federal debt,
This week’s economic news summary includes disputes about Kobe Bryant and intellectual property, Puerto Rican and Super Bowl subsidies, and deficit worries.
Although deficit worries have been confirmed by the CBO, the presidential hopefuls have ignored the topic and the voters have shown less concern.
Very long term federal debt that has no date for redemption like UK First World War bonds and U.S. Revolutionary War debt depend on good public credit.