This article first appeared online at TheNewAmerican.com on Wednesday, June 17, 2015:
In its just-released report “The 2015 Long-Term Budget Outlook,” the Congressional Budget Office stated bluntly:
The long-term outlook for the federal budget has worsened dramatically over the past several years, in the wake of the 2007-2009 recession and slow recovery…. If current law remained generally unchanged in the future … growing budget deficits … would push [the national] debt above its current high level.
It’s all about government spending that’s baked into the cake: