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Sooner or later, politicians must get serious about controlling spending

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Congressional Budget Office officials released updated projections of the U.S.’s long-term budget outlook this week. Their report reveals nothing new; in spite of a real improvement of our fiscal outlook for the next few years, we are still drawing a blank to the realities of an unsustainable long-term fiscal path. According to the CBO, the budget deficit is expected to fall from $1.1...