The Congressional Budget Office’s (CBO) newly issued long-term budget outlook ought to be required reading for members of Congress. Why? Because Congress is rushing to pass yet another big government spending and tax package, it’s obvious few have read it.
CBO does not say it in so many words, but the report brings to mind former New Jersey Gov. Richard Codey’s quip: “The good news is, we’re not bankrupt. The bad news is, we’re close.”
Read more: CARTER: The Debt Curve From Hell
