[expat_panama]

"the federal budget deficits created by the recent tax cuts ...  ... will exceed $300 billion for each of the next six years, according to projections by the nonpartisan Congressional Budget Office."

Fascinating.  Here's another thread on an article that mentions that the "deficit dropped by 23 percent in the latest fiscal year, down to $318.6 billion."   I suppose we have to expect the NYT to put it one way and the National Review to cover it in a different light; but the question remains --are we all doomed or not?

[exDemMom]

but the question remains --are we all doomed or not?

We are. So if we just stop worrying about it, we'll be a lot happier.

[Mase]

will exceed $300 billion for each of the next six years, according to projections by the nonpartisan Congressional Budget Office."

I just love it when anyone refers to the CBO as nonpartisan. Not surprising for the NYT who treat their readers as if they were morons. The CBO (and OMB for that matter) is a political organizations with an agenda. There is nothing nonpartisan about them.

From the WSJ:

Once again, they showed that the scoring of the effects of major policy changes performed by the Office of Management and Budget and the Congressional Budget Office were highly erroneous.

The errors were not random. They were strongly and consistently biased against pro-market, pro-growth reforms, and they are the long-recognized results of outdated methodologies employed by federal scoring agencies. The end result is that such errors greatly hamper or prevent Congress from adopting policies that would maximize economic growth and personal prosperity.

Doesn't Anyone Know the Score?