Wednesday, 15 May 2013
Censored by Huffington Post - recession heading this way
The $300bn that will go on increased healthcare spending over the next year or so, won't be spent on everything else.
Healthcare premiums are set to rise by between 30% and 100% when Obamacare fully comes in.
There is the $200bn tax hike in the fiscal cliff deal for the middle class as well.
There is the continuing recession in Europe - America's largest export market.
Everything points to recession heading this way.
The CBO sure are taking an optimistic view on things.
The above comment was censored by Huffington Post in response to this article.
http://www.huffingtonpost.com/2013/05/14/deficit-reduction_n_3275895.html
This one got through
“What makes the CBO think the economy is sputtering back into life?
The NY Fed data out today was a substantial miss and indicated recession is on it's way.
All the economic indicators have been going substantially down lately.
http://www.demeadville.com/baro.html”
I still think this will be closer to the mark for future deficits.
http://ian56.blogspot.co.uk/2013/03/cbo-projections-of-future-gdp-growth.html
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