The Congressional Budget Office says that if we continue at our current rate spending, we’ll “chalk up nearly $7 trillion in red ink over the next 10 years,” according to Reuters.
Yesterday, I saw some democrat saying the CBO said Ryans’ new budget would add to the deficit. At this point, is there ANYTHING that won’t add to the deficit?
It will add to the deficit, we just go broke slower, thank goodness.
They have come out numerous times in the last 2 years and reappraised their numbers to what "naysayers" have said all along.
Last year we had a deficit of over $1.3 TRILLION. This years projected deficit is $1.6 TRILLION.
Thats almost $3 TRILLION in just 2 YEARS, and they want us to believe we will just have an extra $7 TRILLION in debt in 10 years.
And we haven't even talked about the extra costs Obamacare is going to add to the debt.
If we extrapolate this year and last years deficits out $10 years, that would mean $15 TRILLION not $7 TRILLION. And just like this years $.3 TRILLION jump, we can expect the same over each consecutive year.
And our "leaders" are haggling over a few 10's of billions.
IDIOTS!!!!