Concord Coalition Says CBO Numbers Show Why Lawmakers Should Look to the Future, Not in the Rear View Mirror
U.S. Newswire, August, 2007
To: POLITICAL EDITORS
Contact: Jonathan DeWald of the Concord Coalition, 1-703-894- 6222, communications@concordcoalition.org
WASHINGTON, Aug. 23 /PRNewswire-USNewswire/ -- With the Congressional Budget Office (CBO) projecting a third consecutive annual decline in the deficit, to $158 billion this year, The Concord Coalition today urged lawmakers not to take undue satisfaction from the short-term improvement but to focus instead on the nation's unsustainable long-term fiscal outlook.
"Today's CBO report is only good news if you are looking in the rear view mirror. Looking ahead, the same problems remain as large as ever and they are getting closer. Moreover, even the short-term outlook is not as promising as it appears on the surface. Strict adherence to the new...
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