Sunday, June 10, 2012

The CBO Is Going to Need a Bigger Chart

Zerohedge:  "[W]hen it comes to the most recent forecast of US public debt . . . the CBO has officially run out of charting space. As can be seen on the graphic below, sometime in 2042 the CBO will need a bigger chart to represent US public debt as per the Extended Alternative Fiscal Scenario, which the CBO itself admits "is more representative of the fiscal policies that are now (or have recently been) in effect than is the extended baseline scenario."

Of course, the entire system will collapse long before then, unless we dramatically change the current trajectory.  Doing so starts by changing the President in November.

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