Dirty Secret No. 4 in Obamacare – HUMAN EVENTS
Flying under the radar this past week was a new government report that forecasts that the national debt will double over the next decade. The White House has projected a cumulative $9 trillion deficit between 2010 and 2019, while the Congressional Budget Office estimates a more optimistic $7.1 trillion, based upon the expiration of Bush tax cuts. What this means is that Washington’s out-of-control spending likely will turn the nation’s already-staggering $11 trillion in debt into an astronomical $20 trillion.
But there are at least two ginormous expenses that are excluded in these projections. First, the projections from both the White House and CBO incorporate their belief that the deficit will decline quickly over the next three years, as they assume fewer bailouts are needed and the economy will grow rapidly. But isn’t there also the real possibility that the economy will not recover as quickly as they hope? Every additional bailout or stimulus (large or small) and every margin of error in their three-year prospective climb out of the economic pit will inflate our nation’s debt balloon even more.
Dirty Secret No. 4 in Obamacare – HUMAN EVENTS.
