The Congressional Budget Office (CBO) forecasts the U.S. budget deficit will hit $1.3 trillion this year. An astronomical figure, to be sure, but that’s lower than was projected in March. It’s also less than last year’s record $1.41 trillion deficit, which was close to 10% of GDP.
And, that's the good news.
http://finance.yahoo.com/tech-ticker/%22enron-accounting%22-has-bankrupted-america-u.s.-deficit-really-202-trillion-kotlikoff-says-535354.html;_ylt=AkIrP5.B3xpwlgX_5f3J.kq7YWsA;_ylu=X3oDMTE2MDRmbzdqBHBvcwMxMQRzZWMDdG9wU3RvcmllcwRzbGsDZW5yb25hY2NvdW50?tickers=udn,tlt,tbt,uup,TIP,^gspc,GLD&sec=topStories&pos=9&asset=&ccode=
No comments:
Post a Comment