FY11 Budget Unsustainable

 
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FY11 Budget Unsustainable

 

U.S. Chamber SBN

CBO Cheif said yesterday that the nation's fiscal course "is 'unsustainable...'" Elmendorf "noted a recent CBO report that pegged an increase in the public debt from $7.5 trillion at the end of 2009 to $20.3 trillion at the end of 2020 if President Barack Obama's fiscal 2011 budget were to be implemented as written. As a percentage of gross domestic product, the debt would rise from 53% to 90%. http://bit.ly/93SLms




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