August 29, 2014

Budget Battle Ends Up With Slashed Deficit, No Recession

Challenges still ahead for Congress, Obama
August 12, 2013
The Washington Times

Excerpt

The good news, however, shouldn’t obscure the challenges ahead, Mr. Bixby said. “We’re still, with all that, running a deficit that’s going to be between $600 and $700 billion, around 4 percent of the economy, and that’s pretty substantial,” he said. “It’s not going to keep coming down that fast. We’ve got structural issues in place like the retirement of the boomers.”