Projected Budget Deficit Based on 'Make Believe' Economics
August 26, 2009 by P.J. Gladnick
Remember the shock generated when the Obama Office of Management and Budget recently announced that the projected 10 year deficit was increased from $7 trillion to $9 trillion? Guess what? That lastest projection is based on "make believe" economics. Although most media outlets have failed to report on it, stories from both Reuters and Forbes reveal that the true 10 year budget deficit will probably be...fasten your seatbelts...well over $11 trillion.
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