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Chart of the Day: Not Going Away

Posted by Samuel A. Kiburz on Feb 21, 2023 2:35:49 PM

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blue bar chart of projected US budget deficit up to 2032

Today’s Chart of the Day is the projected budget deficits for the next 10 years provided by the Congressional Budget Office. It is not a rosy picture.

This projection is even after assuming no future “stimulus” for economic downturns, similar to 2020-2021, will occur. Politicians are in the process of negotiating changes in taxes and/or limits on spending.In the long run, remain positive by remembering the quote from Winston Churchill, “Americans can always be trusted to do the right thing, once all other possibilities have been exhausted.”

Topics: Chart of the Day