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To: markomalley; stephenjohnbanker; ding_dong_daddy_from_dumas; Gilbo_3; Impy; NFHale; BillyBoy; ...
RE: CBO says federal debt held by the public is now about 73 percent of the economy’s annual output, or gross domestic product. “That percentage is higher than at any point in U.S. history except a brief period around World War II, and it is twice the percentage at the end of 2007,” the report said.
If current laws stay generally the same, CBO expects federal debt held by the public to decline slightly relative to GDP over the next several years, but after that, deficits would grow again, partly because of the the government’s major health care programs (Medicare, Medicaid, the Children’s Health Insurance Program, and subsidies to be provided through the new Obamacare health insurance exchanges).

OH NO, not those entitlements again.

No problem, young adults nearly all say they dont expect to get those.

5 posted on 09/17/2013 10:23:18 AM PDT by sickoflibs (To GOP : Any path to US Citizenship IS putting them ahead in line. Stop lying about your position.)
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To: sickoflibs
No problem, young adults nearly all say they dont expect to get those.

They don't expect to get them, but they won't be so young anymore when the day of reckoning comes, and they'll kick and scream when that day arrives. It's human nature.

18 posted on 09/17/2013 12:08:10 PM PDT by Pearls Before Swine
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