Last year, the Obama Administration and the CBO projected the budget deficit to decline. Instead, it increased to a record amount (which I predicted). They again are forecasting lower deficits going forward. Anybody want to take that bet?
http://www.washingtontimes.com/news/2011/feb/14/debt-now-equals-total-us-economy/
Why our government leaders and central bankers have any credibility left is one of life's greatest mysteries.
Friday, February 18, 2011
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