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Originally posted by MagiK:
ain't no way it would happen, I would think that they misplaced their decimal to the right one space...more like 4.4 trillion or as TL stated 5 trillion...and Im betting we never get to 5 either.
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In the disaster of 9-11, and a sluggish economy since late '99 early '00 the U.S. has lost about 1 trillion dollars in net-worth. With the assertion that we will be 44 trillion dollars in debt, this could only be true if we ran a trillion dollar deficit for 44 years. Or, that the entire US economy, does not make a red cent for 4.4 years. We may be a wealthy country, but we arent *that* damned wealthy! Where on earth do such wild accusations come from?
This whole nonsense on projections is getting ridiculous. I recall all the nonsensical verbage regarding, "a *projected* surplus". First of all, how many of us can project what they will make in ten years with 100% accuracy? Second, how many of us pay our bills based on this projection? Third how many of our creditors go along with this notion when we choose to purchase something? Last but not least, if the government is running a surplus and it is real, does that not tell anyone that you are being charged too much?