CBO: Sea of Red Ink in Future

The Congressional Budget Office still sees red ink in the nation’s fiscal future. Projections indicate the 2015 deficit will be at its lowest since Obama began his debt-ridden presidency, then spike up again. The Hill reports,

“…CBO said projected deficits will quickly expand again, with the deficit reaching 4 percent of GDP by 2022.

“And by 2024, the federal debt is estimated to reach 78 percent of the economy, twice the 39 percent average of the past four decades.”