CBO Director Keith Hall Says Debt is on Unsustainable Course

C-SPAN: Congressional Budget Office (CBO) Director Keith Hall spoke with reporters about the CBO’s budget and economic outlook for 2019 through 2029. “Debt is on an unsustainable course in CBO’s projections,” said Director Hall. In CBO projections, the deficit for 2019 is about $900 billion and exceeds $1 trillion each year beginning in 2022. Over the next ten years, the deficit is projected to be between about 4.1 percent and 4.7 percent of GDP, well above the average over the past 50 years, according to the report.  

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