Sunday, April 04, 2010
"Rapid Rise in US Budget Deficit Projection"
Front Page NEWS!
Well, if we could trust our media, it would be...
Well, if we could trust our media, it would be...
This is part of a Steve Liesman post at CNBC.com:
"CNBC, working with the Congressional Budget Office, found that the 10-year outlook for the nation's deficit has deteriorated by almost $8 trillion. In effect, every man, woman and child in the United States has taken on an extra $25,000 in debt, CNBC has learned.
Comparing the CBO's outlook in 2008 to the current forecast, CNBC found that what was once a projected $247 billion surplus for the years 2009 through 2018, is now an estimated $7.4 trillion deficit."
