Seeking Alpha

The deficit will fall to below $1T this year for the first time since 2008, the CBO forecasts ....

The deficit will fall to below $1T this year for the first time since 2008, the CBO forecasts . Assuming that automatic cuts take effect in March, the deficit will drop to $845B in 2013 and then $616B in 2014. However, debt will continue to accumulate, taking the overall burden to $20T by 2023 and annual interest payments to above $850B. The CBO also predicts that GDP growth will slow to 1.4% this year before accelerating to 3.4% next year.
Comments (2)
  • User 353732
    , contributor
    Comments (4785) | Send Message
     
    This is a manifest falsehood. Given that spending will increase rather than decrease(no auto cuts will be implemented) and in real terms the economy will hardly expand at all, the deficit will not fall and may well increase.

     

    This is propaganda designed to justify Big Govt becoming even more gluttonous.
    6 Feb 2013, 05:24 AM Reply Like
  • Bret Jensen
    , contributor
    Comments (9826) | Send Message
     
    Anyone you thinks economic growth will more than double in 2014 after Obamacare goes fully into effect......I have some good swampland I can sell you cheap down here in south florida.....
    6 Feb 2013, 06:33 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|