CBO
Hello, Cliff!
It seems as if America’s fiscal situation is rolling quickly toward
the edge of a big scary cliff. The nonpartisan Congressional Budget
Office (CBO) warned earlier this week that the combined forces of
a weakening economy and high maintenance costs associated with
fighting two wars is causing the federal budget outlook to darken
significantly over the next few years.
The CBO [...]
Debt Warning
Federal Reserve Chairman Ben S. Bernanke warned members of the
Senate Budget Committee last week that a “fiscal crisis†is heading
straight for America if Congress does not take the actions necessary
to reduce the projected growth of federal spending on Social Security,
Medicaid and Medicare.
Mr. Bernanke, a former White House economic advisor to President
Bush, referenced Congressional Budget [...]
Main Marbles
- No categories
