News In Brief

Kai’s final note for today

Christina Huh Jun 30, 2010

A quick word on a new report from the Congressional Budget Office (PDF). Contrary to conventional wisdom, the CBO says our debt problems will be just fine over the next 25 years, so says Matt Yglesias at Think Progress — provided Congress does nothing at all. Just lets all the laws that’re on the books stand. Problem is, the chances of them letting the Bush Administration tax cuts actually expire or fixing the Alternative Minimum Tax are just about zero.

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