Posted on 05/14/2013 7:04:29 PM PDT by whitedog57
The Congressional Budget Office (CBO) has released its budget forecast from 2013 to 2023. Their forecast? Deficits as far as they eye can see … and then some.
Here is the CBO’s budget forecast from 2008. The budget forecast was actually rosy!
Here is a comparison of the two forecasts:
Why the change from a rosy forecast to a gloomy one? Healthcare and interest costs. Both are expected to rise until 2013 (and beyond).
A recent study by Congress revealed that Obamacare (aka, the Affordable Healthcare Act) will increase healthcare insurance premiums by 100% up to 400%.
“Affordable” health care?
With growing government spending, interest costs will increase even if the rate remains the same. We shall see if interest rates rise when The Fed slows down its asset purchases.
Eliminating the IRS would get rid of Obamacare.
Impeachment File for B. Hussein Obama, aka Barry Soetoro, a legal citizen of the sovereign Nation of Indonesia.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.