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CBO: Federal debt to double in 15 years
Topic Started: June 5, 2012, 10:57 am (472 Views)
Blessedx4
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Kick em all out! Every single one of them. And keep kicking them out till they start doing what's best for the country, not for themselves and their financial backers.



CBO: Federal debt to double in 15 years
By Stephen Dinan
The Washington Times
Updated: 11:58 a.m. on Tuesday, June 5, 2012
Quote:
 
The federal government is staring at a disastrous fiscal picture with debt approaching 200 percent of GDP within two decades if Congress doesn’t change course on spending and taxes, according to the latest analysis by the Congressional Budget Office released Tuesday.

The CBO said it’s the worst picture since a brief period during World War II when spending ballooned to fund the military campaign.

http://www.washingtontimes.com/news/2012/jun/5/cbo-federal-debt-double-15-years/
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M. Hawbaker
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I hope I'm wrong, but I really don't think that it will take anywhere near 15 years.
Edited by M. Hawbaker, June 5, 2012, 11:13 am.
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