Archive for September, 2009

Explosive Growth in the National Debt

Wednesday, September 2nd, 2009
Explosive Growth in National Debt

Last week the Obama administration quietly released updated projections on the budget deficit and the national debt for the next 10 years.  These White House calculations show that the federal government will run budget deficits totaling $9 trillion over the next 10 years, and that’s in addition to the $1.6 trillion budget deficit for 2009.  The news media actually did a pretty good job of covering this story, but they failed to adequately portray how these budget deficits will affect the national debtRead the rest of this entry »