cbo Archive

An All-Consuming Interest

By John Lumbard TAX REVENUE of $2.2 TRILLION, and INTEREST COSTS of $1 TRILLION A YEAR. In my last post I suggested that we shouldn't count the U.S. Treasury bonds held in the Social Security trust fund when talking about the size of the debt.  The reason is that we don't have to pay...
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Rolling Up Our Sleeves

After a long hiatus relating to business travel, vacation, and a long overhaul of the site---which had been damaged by a Wordpress "upgrade"---we're back to work.  There will be new contributors, new links to the Congressional Budget Office and other sources, and a new comment section that all of our...
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