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--- library:cbo_forecasts_an_economic_nightmare_for_all_americans [2023/06/03 21:10] – created - external edit 127.0.0.1
+++ library:cbo_forecasts_an_economic_nightmare_for_all_americans [2024/03/12 17:47] (current) – elizabethherfel
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 ======CBO Forecasts an Economic Nightmare for All Americans======
+The Congressional Budget Office (CBO) released new federal budgetary and economic projections, forecasting a future of bloated government, crushing federal debts, and mounting burdens on American families.\\
+ \\
+ (Generated with the help of GPT-4) \\
 ^  Quick Facts  ^^
-| Report location:  |[[https://www.heritage.org/budget-and-spending/commentary/cbo-forecasts-economic-nightmare-all-americans| source]]  |
+|Report location:  |[[https://www.heritage.org/budget-and-spending/commentary/cbo-forecasts-economic-nightmare-all-americans|source]]   |
-| Language:  | English   |
+|Language:  |English  |
-| Publisher:  |[[encyclopedia:heritage_foundation|Heritage Foundation]]  |
+|Publisher:  |[[encyclopedia:heritage_foundation|Heritage Foundation]]  |
-| Publication date:  |May 27, 2022  |
+|Publication date:  |May 27, 2022  |
-| Authors:  |Richard Stern  |
+|Authors:  |Richard Stern  |
-| Geographic focus:  |united_states, china   |
+|Geographic focus:  |United States, China    |
-| Page count:  |1  |
+|Page count:  |1  |
 =====Methods=====
+The CBO used various methods to project the federal budget and economic outlook, including analyzing current economic trends, government spending, and policies.\\
+ \\
+ (Generated with the help of GPT-4) \\
 =====Key Insights=====
+The CBO's report indicates significant economic issues, with expectations of a smaller economy, persistent inflation, and stagnant growth rates similar to the Obama administration. Interest costs on federal debt are projected to surpass defense spending by 2029, with a $40.2 trillion federal debt by 2032.\\
+ \\
+ (Generated with the help of GPT-4) \\
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 <!-- Insert instructions for additional viewpoints -->
-<span #categories_box> Categories:  {{tag>2022_publication_year}} |  {{tag>English_publication_language}} |  {{tag>china_geographic_scope}} |  {{tag>economics}} |  {{tag>united_states_geographic_scope}}   </span>
+<span #categories_box> Categories:  {{tag>2022_publication_year}} |  {{tag>English_publication_language}} |  {{tag>United_States_geographic_scope}} |  {{tag>china_geographic_scope}} |  {{tag>economic_projections}} |  {{tag>economics}} |  {{tag>federal_budget}} |  {{tag>federal_debt}} |  {{tag>government_spending}} |  {{tag>growth_rates}} |  {{tag>household_purchasing_power}} |  {{tag>inflation}} |  {{tag>interest_costs}} |  {{tag>private_investment}} |    {{tag>wealth_redistribution}}   </span>
 ~~DISCUSSION~~