Here’s Why CBO’s Debt Projections Are Naively Optimistic
BY JOHN MAULDIN This week, the Congressional Budget Office released its 2018 Long-Term Budget Outlook. Like everyone, the CBO makes assumptions, so it’s fair to be skeptical of its estimates. In fact, we had all better hope they are too pessimistic because we’re in deep trouble otherwise. Because the CBO thinks federal spending will grow significantly faster … Read more