The one glimmer of good news in the report is more than offset by the negatives, according to the Congressional Budget Office (CBO) report on budgetary and economic projections. CBO is a nonpartisan federal agency that provides budget and economic information to Congress. This year’s report, encompassing the next 10 years, describes a future characterized by increased federal spending and overwhelming debt. The positive is rising federal revenue. Revenue is projected to grow by 19.6 percent this year and average 18.1 over the next decade. Much of this will be generated by inflation.Economic growth is projected to be anemic. It...

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