WHUT McLaughlin Group October 13, 2013
Skepticism is unwarranted, consider the debt crisis denyieys. Debt skeptics say we can grow our way out of debt with more tax revenue. Not so says Harvard Universitys nile ferguson. In a recent column citing forecasts from the nonpartisan Congressional Budget Office, the cbo, last month, the cbo published its 2013 longterm budget outlook, forecasting u. S. Debt 25 years from now and beyond. Like Climate Change projections, the cbo uses models, based on Current Trends and likely future scenarios to forecast the national debt. By 2038, 25 years from now, the debt may rise 73 of Gross Domestic Pr...