SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: yard_man who wrote (6275)1/27/2004 1:10:37 PM
From: mishedlo  Read Replies (1) of 110194
 
The report is available at www.cbo.gov

The new projection that has received the attention is a baseline projection. The CBO report has a suppliment of adjustments for government policy alternatives:

Making all Bush's tax cuts perminate will add $1,868B to the debt by 2014.

Servicing the additional debt incurred by making Bush's tax cuts perminate will add $363B of debt by 2014.

Bush's "reform" of the alternative minimum tax will add $376B of debt by 2014.

Servicing the extra debt incurred by the AMT change will add $93B of debt by 2014.

Baseline gross federal debt (debt held by public+debt held by Social Security+debt held by other government departments) will equal $12.944 trillion by 2014. Adding Bush's SOTU gimmie list cost of $2.7 trillion would put gross debt at $15.644 trillion vs a GDP projected to hit $18 trillion by 2014.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News