Episode 193: Our Ever-Expanding National Debt
Periodically, the Congressional Budget Office forecasts federal debt, revenue, and spending. For decades, the CBO has underestimated the future debt. If we adjust CBO’s forecasts by their historical error, we get a clearer picture of where the...
Words & Numbers · Antony Davies
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Show Notes
Periodically, the Congressional Budget Office forecasts federal debt, revenue, and spending. For decades, the CBO has underestimated the future debt. If we adjust CBO’s forecasts by their historical error, we get a clearer picture of where the federal government’s finances will be in the next decade. Interestingly, the debt is approaching a point not seen since the first decade of our history when Congress replaced Continental dollars with the US dollar we use today.
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Quick Hits
The Irish and the Choctaw
https://www.nytimes.com/2020/05/05/world/coronavirus-ireland-native-american-tribes.html
Foolishness of the Week
Presidential Debates
https://www.washingtonpost.com/elections/2020/08/14/presidential-debates/
Topic of the Week
CBO’s Long Term Outlook
https://www.cbo.gov/publication/56516
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