Well-known economist decries excessive federal spending."The long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. outlook is such a deep well of sorrow that I can't get much happiness out of this year." Douglas Douglas, city, Isle of Man Douglas, city (1991 pop. 19,950), capital of the Isle of Man, Great Britain. It is a popular resort, connected by rail to Ramsey and Port Erin, on the Irish Sea. Tourism is the chief industry. Holtz-Eakin, the former director of the Congressional Budget Office The Congressional Budget Office (CBO) is responsible for economic forecasting and fiscal policy analysis, scorekeeeping, cost projections, and an Annual Report on the Federal Budget. The office also underdakes special budget-related studies at the request of Congress. who also served as a White House economist under President Bush, sees little reason to cheer in the face of an estimated budget deficit for the current fiscal year that is forecast to be lower than previously thought but will still approach $300 billion. |
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