Friday, February 18, 2011

Federal deficit on track for a record this fiscal year

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.

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