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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (32499)12/9/2003 11:27:04 PM
From: Jim Willie CB  Respond to of 89467
 
this quote indicated is absurdly low

The bipartisan Concord Coalition is even gloomier. It foresees annual deficits of more than $400 billion over the next 10 years, increasing the national debt by some $4.4 trillion--and that's before we help fund the retirement of baby boomers.

try $500-700 billion minimum annually, peaking over $1000B
for as far as the eye can see
creating extreme funding problems
higher interest rates
and eventually abandonment by Asian credit suppliers

/ jim