The Government Accountability Office has updated its fiscal outlook for the U.S. government and come to some familiar conclusions. The country has a long term imbalance that will have to be addressed, but not until today’s economic woes have passed. If Congress simply does nothing — and allows the Bush tax cuts, and other temporary laws to expire — the country’s fiscal health will improve significantly over the long term.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=105361