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Catching Up With the CBO’s Latest Budget Report March 13, 2017

Posted by geoff in News.
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I haven’t been keeping up with current events, pal, but the CBO released a review of the 2016 budget last month, and it contained a lovely depiction of the deficit for the past 50 years:

CBOFederalDeficitsThrough2016

So President Obama can proudly note that he was above average in deficit spending for all but one year of his 2 terms.

When you total up the impact of all that spending, you get the federal debt:

CBOFederalDebtThrough2016

I think President Obama’s idea of “The Surge” was completely different than his predecessor’s.

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