CBO

A backbencher who knows what he is here to do

As the economy sinks and hope turns into despair, the president’s odds of re-election are fading fast

The world’s last superpower is on a joyride to oblivion. An exclusive excerpt from Mark Steyn’s new book, “After America.”

Congressional Budget Office projects that Barack Obama’s budget understates deficits by an aggregate of $2.3 trillion over the next decade; that deficits will never fall below 4% of GDP during that time; and that the debt-to-GDP ratio is therefore on track to double, to 82% of GDP.