Ten year deficit projections increase to $9 trillion

[BigRob]

The Obama administration will raise its 10-year budget deficit projection to approximately $9 trillion from $7.108 trillion in a report next week.

"Our budget projections are now in line with the spring and summer projections that the Congressional Budget Office put out."

Makes you think twice about the White House budget projection after they missed this one by $2 trillion.

 

[Pandora]

I saw that today.

Is it honestly ever possible to pay this off or even pay it down to something reasonable?

 

[PLC1]

I saw that today.

Is it honestly ever possible to pay this off or even pay it down to something reasonable?

Sure, once the dollar is devalued to the equivalent of a nickel or so, then the debt won't seem so massive. Of course, by that time that 11 trillion debt plus the projected 9 trillion will add up to a couple of hundred trillion instead of just 20, so it will still be insurmountable.

 

[Pandora]

Sure, once the dollar is devalued to the equivalent of a nickel or so, then the debt won't seem so massive. Of course, by that time that 11 trillion debt plus the projected 9 trillion will add up to a couple of hundred trillion instead of just 20, so it will still be insurmountable.

We are one evil generation to put this debt on our kids and grandkids.
I have read about the greatest generation and I have so much respect for them. If they knew all the sacrifice they made was for this, I wonder if they would have done it all so willingly.

 

[Phoenix68]

.
Comparing the "Trump economy" to the "Obama economy"
.

.​