THREAD: CBO Report Shows U.S. Fiscal Condition Is A Dumpster Fire

Manhattan Institute senior fellow Brian Riedl did an analysis of a new CBO report and found that “Washington’s fiscal situation has significantly deteriorated, and should serve as a wake up call.”

Riedl added:”President Biden likes to take credit for reducing the deficit. Yet the projected 2021-2031 deficit has jumped by $6 trillion since his inauguration – driven by expensive legislation plus rising inflation and interest rates.”