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


To: combjelly who wrote (947361)7/15/2016 8:31:03 PM
From: i-node  Read Replies (1) | Respond to of 1577402
 
>> Wait a second. What happened to the trillion dollar deficit we are supposed to have been running since 2008? I think i-node said "as far as the eye can see" and later said it would be a decade or more.

That is correct, but it begins after Obama leaves office. Conveniently.

See page 2, where CBO has projected that once the deficit hits a trillion again (by 2022), there is never a return to sub-trillion dollar deficits projected. Period.

cbo.gov

Should interest rates increase the deficit will increase rapidly.

It is a disaster that has already happened and people do not realize it.