Here They Come—$2 Trillion + Annual Deficits As Far As The Eye Can See

The Congressional Budget Office won’t release new budget projections that include the effects of the President Trump’s tax overhaul until April, but on Friday the deficit hawks at the Committee for a Responsible Federal Budget produced their own projections based on the CBO’s methods. The analysis shows annual deficits surpassing $1 trillion starting in 2019, three years earlier than previously expected, and the national debt growing larger than the economy in the next decade. In all, the tax cuts and spending deals are projected to increase the debt by $2.4 trillion over 10 years.