Many people were shocked when the Obama Administration raised it's forecast of the projected deficit from $7 Trillion (the previous shocking number) to $9 Trillion dollars. For me it is hard to fathom. A client tried to help me this morning get a grasp of it when he said if you connected 1 trillion dollar bills length ways it would reach the planet of Saturn.
Greg Mankiw's post today stretched my mind more when he added in the anticipated new programs. Click here to see the numbers. If you dare!
Holiday Season Takedown
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