Wednesday, February 10, 2016
Peterson Foundation Cited in 'Public Worry Over Budget Easing'
As official Washington gets set to scrutinize President Barack Obama's final budget plan, there are signs the public is increasingly seeing the government's long-running budget deficit with less and less concern.
The drop-off in measures of concern over the deficit come, ironically, as the nonpartisan Congressional Budget Office substantially downgraded the budget outlook in its latest annual report in January. In that report, the CBO said the deficit was set to widen in 2016 for the first time since 2009 and the 10-year deficit would be higher as economic growth slowed due to Baby Boomers leaving the work force.
In other words, as the budget picture has darkened, the public appears to care less. . .