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08:44 PM
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CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 1273752:MV8xNzcxMjM5XzI5NDA0MTQ5XzYxOUE4MjdF] [quote:Anonymous Coward 1468040:MV8xNzcxMjM5XzI5NDA0MTI2X0E3N0YzODY5] It's all a big fucking joke.. stop worshiping money its pathetic! you think there's any difference between 10TRILLION and 20TRILLION?? we are never gonna pay off the deficit and money is printed out of thin air, its backed by nothing! fucking retards let money rule your life and you will always be miserable! [/quote] It is backed by GDP. [/quote]
Original Message
Congressional Budget Office projects that the national debt under President Obama’s policies will rise to $21.665 trillion by 2022, according to its updated budget outlook.
The updated outlook, released Tuesday, found that current Obama administration policies will result in a 50 percent increase in debt held by the public and a 40 percent increase in intra-governmental debt held in the trust funds of entitlement programs.
[
link to cnsnews.com
]
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