CBO: Debt Spiral Deepening, Health Costs Soaring

CBO: Debt Spiral Deepening, Health Costs Soaring

Behold, the projected consequences of four more years.  Philip Klein surveys the wreckage described in the latest comprehensive budget report from the nonpartisan Congressional Budget Office (most of these estimates assume an unrealistic "baseline" in which the "doc fix" doesn't happen and various unpopular cuts to Medicare actually go into effect):
 

CBO: Public debt by 2023 = $19.9 trillion

— Philip Klein (@philipaklein) February 5, 2013
 

CBO: Gross federal debt (public debt + $ owed to trust funds) to reach $26 trillion by 2023

— Philip Klein (@philipaklein)...