The Congressional Budget Office projects that recent tax cut legislation and spending packages will increase the federal deficit by $139 billion, raising it to $804 billion in 2018. In December Congress passed a 1.5 trillion tax-cut package and early in 2018 approved a $400 billion budget. The CBO projects the US will return to a trillion dollar deficit by next…
GOP Presidential candidate, Mitt Romney, created a buzz this weekend with his pick of Republican Congressman, Paul Ryan (R-Wis) as his vice presidential candidate. Rep. Ryan is mostly known for his budget proposal, The Path to Prosperity, submitted as Committee Chair of the House Budget Committee. One key factor in the presidential election will be a Republican proposal to privatize…
