Sunday, March 21, 2010

Will We Have Flaming Saganaki?


According to the Congressional Budget Office:

"Under the President’s budget, debt held by the public would grow from $7.5 trillion (53 percent of GDP) at the end of 2009 to $20.3 trillion (90 percent of GDP) at the end of 2020. As a result, net interest would more than quadruple between 2010 and 2020 in nominal dollars (without an adjustment for inflation); it would expand from 1.4 percent of GDP in 2010 to 4.1 percent in 2020."

So, my only question is "once our debt level reaches Greece's, will we have flaming saganaki?"

http://cboblog.cbo.gov/?p=482

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