According to Reuters, the Congressional Budget Office (CBO) just looked into the future and saw us going off a cliff. Great. And of course, the President blames Congress, Congress does nothing, and the American people continue to get dragged toward financial calamity. Nero would be proud, whether he actually played a fiddle or a lyre or did anything at all. Future generations will be able to claim that Obama and Congress fiddled while America burned.
And the budget deficit will exceed $1 trillion again: