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Chart of the Day: Not Going Away

Samuel A. Kiburz Feb 21, 2023
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.”

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