It looks like the CBO is making me look right again by revising their projected US government budget deficits to show them not shrinking as fast as previously predicted. Note that the graph is in percentage of GDP, which in and of istelf is a way to hide the fact things are getting worse, since GDP is projected to keep gowing up. So the further out you go, the bigger the actual deficit dollar amount of bars of equal length to previous ones will be. And I am willing to bet these numbers are too conservative and the reality will be far worse if we keep spending like the current crop of crooks wants to keep going. Also note the labor partcipation graph and how that’s trending. These policies the left loves have a cost.
Posted on 7 February, 2014 by AlexInCT in Culture War, Human Interest, Left Wing Idiocy, Nanny State, The Economy, Things are worse than they seem