By Stephen Dinan
The Washington Times
The government has opened up the spending spigot over the past year to deal with the coronavirus crisis — but the Congressional Budget Office says unless something changes, Uncle Sam’s freewheeling ways will last long after the pandemic is over.
In a new long-term budget report Thursday, the analysts at the government’s official scorekeeper said that by the middle of this century, federal spending each year will top 30% of gross domestic product, a rate the U.S. has touched before but never sustained.
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In this article:$100 trillion, $100 trillion in new debt, CBO, Congressional Budget Office, Coronavirus, coronavirus crisis
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