Deficit Attention Disorder : Planet Money The CBO projects the federal budget deficit could top 800 billion dollars this year... and reach a cool trillion by 2020. So ... what?
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Deficit Attention Disorder

The U.S. economy is not in a cyclical downturn right now. In fact, it is growing. So you might think that the deficit would be shrinking every year.

But no. The Congressional Budget Office says the deficit will be going up for the next 10 years. It will reach a trillion dollars by 2020.

Jared Bernstein joined us to talk about whether that's a bad thing.

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