johnnyrodgers20 Posted February 3, 2012 Share Posted February 3, 2012 Here is another article that is an interesting read!! http://www.cbo.gov/ftpdocs/102xx/doc10297/chapter1.4.1.shtml Particularly this graph, notice where we are and when the piublic detb starts to skyrocket (2012) Figure 1-3. Federal Debt Held by the Public Under CBO’s Long-Term Budget Scenarios (Percentage of gross domestic product) Source: Congressional Budget Office. Note: The extended-baseline scenario adheres closely to current law, following CBO’s 10-year baseline budget projections from 2009 to 2019 and then extending the baseline concept for the rest of the projection period. The alternative fiscal scenario deviates from CBO’s baseline projections, beginning in 2010, by incorporating some changes in policy that are widely expected to occur and that policymakers have regularly made in the past. Link to comment
johnnyrodgers20 Posted February 3, 2012 Share Posted February 3, 2012 http://cnsnews.com/n...l-budget-office Apparently you can't read. I have posted other articles before. Oh yeah, you just come on here to troll and stalk me, sorry, I forgot you never have anyhting to write worth reading when dealing with me. Have a great weekend, please read this one this time. If you can't read it maybe someone can read it to you. Do you accept CBO as an entity that you trust? Yes, but not this site. Please find a credible news source. And weren't you the one that was knocking CBO data when Carlfense posted CBO data showing the most significant root cause of our deficit is the Bush-era Tax cuts? So now it is a bad site that has CBO data? I am just the messenger if you choose not to believe the stats that is on you. I have shown articles about the debt and deficit. We are right now at the tipping point if something is not done. The interest rates we get right now will not be available in a bout a year or so. When they start to go up the money will either dry up or inflation will start to go crazy. Either way we in deep doo doo and now is the time to change. Next year may be to late. Link to comment
johnnyrodgers20 Posted February 3, 2012 Share Posted February 3, 2012 http://cnsnews.com/n...l-budget-office Apparently you can't read. I have posted other articles before. Oh yeah, you just come on here to troll and stalk me, sorry, I forgot you never have anyhting to write worth reading when dealing with me. Have a great weekend, please read this one this time. If you can't read it maybe someone can read it to you. Do you accept CBO as an entity that you trust? Yes, but not this site. Please find a credible news source. And weren't you the one that was knocking CBO data when Carlfense posted CBO data showing the most significant root cause of our deficit is the Bush-era Tax cuts? I usually don't knock CBO data, please show me my post where I didn't believe CBO data. Link to comment
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