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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Real Man who wrote (386848)5/22/2009 8:52:21 AM
From: Giordano Bruno  Read Replies (2) of 436258
 
According to syndicated columnist Robert J. Samuelson’s May 18 article in The Advocate, “By 2019, the ratio of publicly held federal debt to gross domestic product (GDP, or the economy) would reach 70 percent, up from 41 percent in 2008.”

The article also said, “The Congressional Budget Office, using less-optimistic economic forecasts, raises these estimates. The 2010-19 deficits would total $9.3 trillion; the debt-to-GDP ratio in 2019 would be 82 percent.”

2theadvocate.com
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