Wednesday, 18 September 2013

The unsustainable increase in gov't spending from $1.5tn in 2000 to $3.5tn now. But it's going to get FAR Worse


But wait ............... it's going to get FAR worse :-

Spending is budgeted to rise to nearly $6tn by 2023.
Deficits are expected to be over $3tn in 2023.
The National Debt is expected to rise from $17tn now to over $40tn by 2023.


http://ian56.blogspot.co.uk/2013/03/cbo-projections-of-future-gdp-growth.html

Current CBO projections are based on ludicrous assumptions of future growth rates and not based on current or future economic conditions
http://ian56.blogspot.com/2013/06/cbo-projections-are-based-on-ludicrous.html

The Surest Way To Spot Trouble: When Even The CBO Says There's A Problem


http://www.zerohedge.com/news/2013-09-18/surest-way-spot-trouble-when-even-cbo-says-theres-problem

Even with the CBO's ludicrously optimistic forecasts of future growth rates, even the CBO says the debt is unsustainable
9 Takeaways From the CBO’s New Budget Report http://reason.com/blog/2013/09/17/9-takeaways-from-the-cbos-new-budget-rep  

Interactive chart of the increasie in spending from 2000 to 2013 and breakdown by department

http://go.bloomberg.com/multimedia/how-much-does-the-u-s-government-spend/



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