CBO worries on debt

[Max Sawicky]

I haven't seen it yet.  I'm too busy reforming
the tax system.  I plan/hope to write a budget
piece for February.

I no longer trust budget projection studies
from CBO.  They have been doctoring these
things for a couple of years now. Until I
can reverse engineer the numbers, I can't
say any more.

mbs

Hey Max, what's with this CBO report I just opened - it's dated 
October, but I'm way behind - arguing that federal spending is going 
to zoom in the long term, and unless we 'save' the surplus over the 
next couple of decades, debt will start spinning out of control 
around 2020 (debt/GDP breaking 100%, twice the 1990s average, in 
2030, pushing 200% in 2040....?

Doug