http://www.cbo.gov/publication/45653
The federal budget deficit has fallen sharply during the past few years,
and it is on a path to decline further this year and next year.
However, later in the coming decade, if current laws governing federal
taxes and spending generally remained unchanged, revenues would grow
only slightly faster than the economy and spending would increase more
rapidly, according to the Congressional Budget Office's (CBO's)
projections. Consequently, relative to the size of the economy, deficits
would grow and federal debt would climb.
Any group that was projecting full year 2014 GDP to be 3.1% in April and
1.5% in August cannot be trusted for other projections.
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