Debt Outstanding

January 25, 2020 The Congressional Budget Office recently reported that the  budget deficit for the current fiscal year is likely to be $1.0 trillion.   A deficit of that magnitude will push debt held by the public to 80.7% of GDP.  For the first seven years of the...

Budget Deficit

January 25, 2020 The Congressional Budget Office reported that the budget deficit for fiscal year 2019 came in at $984 billion.  For the current fiscal year (FY 2020)  the budget deficit is projected to be $1.0 trillion.  It will remain above the $1.0 trillion level...