Forum Post: Federal Budget Deficits
Posted 12 years ago on Feb. 10, 2012, 10:05 p.m. EST by infonomics
(393)
This content is user submitted and not an official statement
Federal budget deficits:
for 2012: $1.3 trillion
for 2013: $901 billion
By 2022, the deficit has been estimated to fall to $704 billion.
Paying interests for this huge debt means moving money from the 99% to the 1%, as long as this system exists it will take money from the 99% until they are not able to pay the interests for their loans anymore then the system will collape. 100% sure to happen just a matter of time.
A mere 26 trillion of debt by 2022. The US will be long gone by then. Nice job, Libs.
Fantastic.