http://blog.atimes.net/?p=1300 Asia Times Online weblog Thu, 09 Sep 2010 05:48:27 +0000 http://wordpress.org/?v=2.6.3 http://blog.atimes.net/?p=1300#comment-3791 dhome Wed, 06 Jan 2010 23:03:31 +0000 http://blog.atimes.net/?p=1300#comment-3791 Scary though the projections from The Center On Budget and Policy Priorities are; they pale into utter insignificance when one looks at their projections for the US federal deficit. Here: http://www.cbpp.org/cms/index.cfm?fa=view&id=2933 From 55% of GDP now to 100% of GDP by 2025 and then increasing virtually exponentially thereafter! How will the US’s creditors react to those figures? One thing is absolutely certain - there is only one possible direction for the USD. Scary though the projections from The Center On Budget and Policy Priorities are; they pale into utter insignificance when one looks at their projections for the US federal deficit. Here: http://www.cbpp.org/cms/index.cfm?fa=view&id=2933
From 55% of GDP now to 100% of GDP by 2025 and then increasing virtually exponentially thereafter!
How will the US’s creditors react to those figures? One thing is absolutely certain - there is only one possible direction for the USD.

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