Notice the CBO is projecting Revenue Growth near 10% in 2012 and over 18% in 2013. The US has not seen an Annual Revenue increase greater than 18% since the late 1970's.
Tuesday, January 31, 2012
CBO Baseline Budget Outlook
The new projected Budget Outlook is out through 2022 and it makes for a good laugh. Keep in mind this is the baseline scenario. In 2012 the Budget Deficit is forecast to be just over 1 Trillion Dollars. However for 2013 it's forecast to drop by nearly 50% to only 585 Billion Dollars. I highly doubt that is going to happen unless Taxes are raised substantially and Government Spending is reduced significantly.
Notice the CBO is projecting Revenue Growth near 10% in 2012 and over 18% in 2013. The US has not seen an Annual Revenue increase greater than 18% since the late 1970's.
Notice the CBO is projecting Revenue Growth near 10% in 2012 and over 18% in 2013. The US has not seen an Annual Revenue increase greater than 18% since the late 1970's.
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