Interest on debt to eclipse defense spending within five years, budget deficit to hit $1 trillion in 2020

Congressional Budget Office says budget deficit to hit $1 trillion in 2020 — 2 years sooner than previous estimates https://t.co/MkFmWwxygi pic.twitter.com/cMlka2KlEA

— Bloomberg (@business) April 9, 2018

Interest on debt to eclipse defense spending within five years https://t.co/GWvg0JfRC7 via @dcexaminer

— Joseph Lawler (@josephlawler) April 9, 2018

The report is here: https://t.co/6UKoZqAF46

Note, it has a special appendix, B, on the effects of the tax overhaul

— Joseph Lawler (@josephlawler) April 9, 2018

Trillion deficits returning in 2020 indefinitely, budget office says https://t.co/VABEgqvoqZ

— Joseph Lawler (@josephlawler) April 9, 2018

From the just-released CBO updated budget projections:
-- The tax cuts and spending deal added $2.7 trillion to deficits over the next 10 years

— Joseph Lawler (@josephlawler) April 9, 2018

--CBO sees GDP averaging only 2 percent over the decade (vs 3 percent Trump goal). But, unemployment falling as low as 3.3 percent.

— Joseph Lawler (@josephlawler) April 9, 2018

-- CBO again warns of debt outlook, says “the likelihood of a fiscal crisis in the United States would increase” on current trajectory

— Joseph Lawler (@josephlawler) April 9, 2018