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Anorak | How To Lose Half A Trillion In A Fortnight

How To Lose Half A Trillion In A Fortnight

by | 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) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink