Review of Obama's 100 Days in Office

[Iriemon]

The CBO estimated that the "cumulative deficit from 2010 to 2019 under the President's proposals would total $9.3 trillion dollars", and that the debt held by the public would rise to 82% of GDP by 2019.

The CBO estimates that the total national debt will be $17.27 trillion dollars by 2019 under the proposed Obama budget, while the GDP will be just under $21 trillion dollars.

As it stands right now, the current national debt of the United States is just over $11 trillion dollars. This number is rapidly increasing due to the intense effort to reflate the economy.

The CBO estimates that the deficit will come in at around $1.85 trillion dollars in 2009.

This number is expected to drop to $1.38 trillion in 2010, and then fall further to $970 billion dollars in 2011.

Looking further into the future, the CBO anticipates trillion dollar plus deficits in 2018 ($1.02 trillion dollars) and 2019 ($1.19 trillion dollars).

The smallest deficit, according to the CBO's findings, would come in 2012, when the US government is expected to post a deficit of $672 billion dollars.

$17.2 Trillion Dollars In Total US National Debt By 2019 Under President Obama's Budget Plan?
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And when all this happens BO will be retired, lounging around counting his money from his book and tv deals.

Heh heh, you mean like the immediate past occupant of the WH?

Of course, there is a big difference between "when" and "if" and given the huge inaccuracy of CBO projections historically, I'd certainly put it in the "if" column.

And hopefully it will stay in the "if" column!