Monday, July 2, 2012

Debt crisis predicted in ... 2022

See: http://www.trendlines.ca/free/economics/DebtWallUSA/DebtWallUSA.htm

USA Debt Wall:  Structural Deficits Leading to Treasuries Crisis in 2022
If resultant action is not forthcoming however, current CBO data indicates that left unchecked, the annual Deficit rockets to $8 trillion by 2040, $22 trillion by 2050 & $236 trillion by 2075.  Meanwhile, the National Debt surges to $242 trillion & $2,589 trillion respectively by these latter two dates.

The site predicts that the National Debt will hit $23 billion by 2021, $30 trillion by 2026, $45 trillion by 2032, $100 billion by 2041 and $242 trillion by 2050.

My projections are even worse than these, because I stop when the numbers start to get ridiculous. 

No comments:

Post a Comment