Quote:
Originally Posted by Minte
Using the Obama administration's own projections, the non-partisan Congressional Budget Office (CBO) estimates that, including the record 2009 budget deficit of $1.85 trillion, and huge annual deficits over 2009-2019 will result in an additional $11.1 trillion in national debt, on top of the current $11.4 trillion. As I will discuss below, the national debt will very likely more than double in the next decade because some of the CBO's economic assumptions may be too optimistic.
http://www.investorsinsight.com/blog...onal-debt.aspx |
i think what most people miss is that somewhere around $15 trillion, the entire taxable input doesnt even cover the interest on the debt....
if the US govt tried to get a home loan, they would get laughed out the door for too high dti ratio....
its comical and sad at the same time....
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