«

»

May 05

Ten years ago, CBO estimated that Congress would run a $151 billion surplus in 2017. Instead, they ran a $665 billion deficit.

Ten years ago, The Congressional Budget Office (CBO) estimated that Congress would run a $151 billion surplus in 2017. Instead, the U.S. ran a $665 billion deficit.

Now the CBO projects $12.4 trillion in additional debt over the next decade.

This represents a more than 50 percent increase to the current national debt, which has already blown past $21 trillion. See here.