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







