Peterson Foundation Statement on CBO Budget Outlook
Michael A. Peterson, CEO of the Peter G. Peterson Foundation, commented today on the release of the Congressional Budget Office’s Budget and Economic Outlook:
“CBO’s new report shows the high budgetary stakes as a new Congress and president begin their terms and face critically important budget decisions this year.
“By any definition, we are on an unsustainable fiscal path. We are currently on track to add $22 trillion to our national debt over the next ten years, including $14 trillion spent in interest costs alone. In ten years, debt will grow to reach a staggering 118% of our entire economy. Please follow link to read more from the Peter G. Peterson Foundation. Peterson Foundation Statement on CBO Budget Outlook