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From 2010 to 2019, based on forecasts by the Obama administration, the U.S. will run a continual annual deficit totaling $7.1 trillion - not to mention the $1.8 trillion that will be added to the national debt at the end of the 2009 fiscal year.
The nonpartisan Congressional Budget Office predicts an even steeper increase to the national debt. By their calculations, annual deficits will total $9.3 trillion, accounting for a debt-to-GDP ratio of 82 percent. By the end of the final fiscal year of Obama’s first term, the national debt ceiling is expected to increase to $16.2 trillion. By 2019, the interest payments on the national debt are expected to double and account for 16 percent of GDP.
Originally posted by marg6043
reply to post by dgtempe
But has you noticed how nobody in now posting threads to show the failures and bad policies that the new president Obama?