Most red ink ever: $9 trillion over next decade

Courtesy Newsvine - business  Tue, 08/25/2009 - 16:09

In a chilling forecast, the White House is predicting a 10-year federal deficit of $9 trillion — more than the sum of all previous deficits since America's founding.

And it says by the next decade's end the national debt will equal three-quarters of the entire U.S. economy.


 

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