Monday, August 31, 2009

Could the ten year deficit reach $14 trillion?

The Concord Coalition says deficits could be much worse than the Congressional Budget Office is currently predicting, potentially at high as $14 trillion over the next ten years:

Stating that their baseline is more plausible, the Concord Coalition notes: For tax legislation, they assume current law will govern--so if there are tax cuts that have sunsets (as the 2001 and 2003 tax cuts have), CBO is required to project revenues assuming the tax cuts expire as written in theSource: JasonPye RSS Feed

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