Dire Debt Outlook Calls for Growth, Not Austerity

On March 30, 2017, the Congressional Budget Office (CBO) issued its latest “Long Term Budget Outlook” (LTBO) report. The LTBO forecasted “unsustainable” deficits, which would cause federal debt held by the public to rise from 77 percent of GDP in 2017 to 150 percent of GDP in 2047.

The CBO's latest debt projections called to mind Naegleria fowleri. Perhaps you are more familiar with its common name, “the brain-eating amoeba.”