Earlier this month, the Congressional Budget Office (CBO) released an updated budget and economic outlook for the next ten years. The report provided projections on federal spending, revenues, and economic growth. The update was needed because the report that the CBO released in January was out of date because of the explosion of spending in response to the COVID-19 pandemic and related partial economic shutdowns across the country.

The Congressional Budget Office (CBO) recently published its long-term budget outlook for the next 30 years, a report designed to provide lawmakers with a “point of comparison” with which they can assess the health of the current and future federal budget. The report shows that the finances of the federal government are a raging dumpster fire.

The alarm is sounding once again on federal spending, and few in Congress are paying attention serious problems that America faces if it doesn’t get the nation’s finances into order.