Will House Republicans cave on spending again?
White House still can't explain how Obama's amnesties reduce the deficit.
It's not all good news.
The only way Obama's amnesty reduces deficits today is by stealing your Social Security benefits tomorrow.
Higher spending, higher taxes, more debt, and slower economic growth. Other than that Obama's budget is great.
Bye-bye declining deficits.
Federal debt held by the public has exploded in the Obama Era. The 2008 recession necessitated a policy response, and the Obama Administration's response was to institute a massive stimulus program on top of cratering federal revenues, which ballooned the federal deficit and added a huge amount of federal debt.
The Congressional Budget Office's long-term budget update was released today, and there are important updates from its previous projections relating to recent legislative changes. Guy will have more, but there are a few important things to remember.