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The Water Cooler
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Federal Deficit getting smaller - according to the latest news reports
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<blockquote data-quote="SMS" data-source="post: 2120923" data-attributes="member: 42"><p>Any deficit projections are just that, projections. Or in other words...they are guessing.</p><p></p><p>Some of the CBO's projections assume a 1.5% growth. If that growth doesn't materialize, the projection is worth nothing (growth in the 4th quarter of 2012 was recently revealed to be .1%).</p><p></p><p>We are still raking in debt, and unfunded liabilities will drown us. Shaving $100B off the deficit for one year is like an individual saving one dollar when they are a million bucks in the hole. Patting yourself on the back about your "savings" won't change the fact that you ain't getting anywhere.</p></blockquote><p></p>
[QUOTE="SMS, post: 2120923, member: 42"] Any deficit projections are just that, projections. Or in other words...they are guessing. Some of the CBO's projections assume a 1.5% growth. If that growth doesn't materialize, the projection is worth nothing (growth in the 4th quarter of 2012 was recently revealed to be .1%). We are still raking in debt, and unfunded liabilities will drown us. Shaving $100B off the deficit for one year is like an individual saving one dollar when they are a million bucks in the hole. Patting yourself on the back about your "savings" won't change the fact that you ain't getting anywhere. [/QUOTE]
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