Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: THE WATSONYOUTH who wrote (623033)	8/5/2011 6:59:00 PM
From: FJB	Read Replies (1) \| Respond to of 1578995

I got that number from some talking head. Here are some more solid numbers from the Heritage and CBO. ---------------------------------------------------------------------------------------------------------------------------------------- However, the baseline includes a number of unrealistic assumptions—assumptions that Congress requires the CBO to use—that skew the results. Once the baseline is scrubbed of these unrealistic assumptions, the more realistic baseline shows historic spending levels driving the budget deficit to $1.9 trillion by 2021. Over the next decade, deficits are projected to total $13.6 trillion. Spending Drives Historic Debt The CBO baseline contains two important messages. First, Washington is accumulating debt at an unsustainable rate. After the debt slowly grew to $5.8 trillion through 2008, the more realistic baseline shows the federal government adding an astonishing $19.1 trillion in new debt between 2009 and 2021—$140,000 per household over those 13 years. heritage.org