How To Lose Half A Trillion In A Fortnight
by Anorak | 10th, October 2008
TWO weeks ago, budget analysts said the Bailout measures might push the US deficit to as much as $1.5 trillion.
Today David Greenlaw, Morgan Stanley’s chief economist,estimated that the 2009 budget deficit could be close to $2 trillion, or 12.5 percent of gross domestic product, more than twice the record of 6 percent set in 1983.
That’s half a trillion dollars in a fortnight; wonder what the numbers will look like in another fortnight’s time?
– Chenier
No Space Left On The National Debt CLock
Posted: 10th, October 2008 | In: Reviews Comments (5) | TrackBack | Permalink
