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March 04, 2008

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R Davis

That doesn't overly surprise me. For years, there has been a table of long-run budget projections included in the Analytical Perspectives of the U.S. Budget and, as long as I can remember, it has likewise projected skyrocketing deficits and debt. I've posted the latest numbers at http://home.att.net/~rdavis2/pro2009.html . As can be seen, it projects that the debt will reach 283 percent of GDP by 2080 (or 154 percent if large savings in entitlements are achieved). This isn't quite as high as the GAO but I think the numbers may be overly optimistic for the reasons listed at http://home.att.net/~rdavis2/pro2008.html . In any event, the debt reaches a high enough level that the model would likely blow up, same as the GAO model.

john vercellone

you dont mention foreign ownership of the american economy which would continue to grow beyond its over 20per cent now in 2008 to no less than 50per cent of the usa economy by 2020 all this with added public,consumer,national defense,infrastructure,liberty/freedom and contingent debt increasing.we are not a democracy anymore we are a socialist plutocracy.we became a plutocratic socialist nation at the founding of your organization in 1992

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