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Behind the CBO’s Forecast: Visions of the Third-Longest Expansion in U.S. History

The Congressional Budget Office predicts the government’s deficits will shrink in 2015 and again in 2016. As a share of the economy, it will fall to 2.5% and remain there through 2017 before beginning to rise again with the aging of the population.

Source: http://blogs.wsj.com/economics/2015/01/26/behind-the-cbos-forecast-visions-of-the-3rd-longest-expansion-in-u-s-history/?mod=WSJBlog

You Ask, We Answer: Why Is the Debt Rising Faster Than the Deficit?

Last year, the federal government’s deficit was the smallest since 2007. Doesn’t $3 trillion in revenue and $3.5 trillion in spending represent a government that’s out of control? Isn’t the deficit only okay because the Federal Reserve has pinned interest rates so low? What will happen when rates go back to normal? How can the total national debt rise faster than the deficit?

Source: http://blogs.wsj.com/economics/2015/01/26/you-ask-we-answer-why-is-the-debt-rising-faster-than-the-deficit/?mod=WSJBlog
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