Are There Any Numbers They Get Right?
The Greatest Smartest Team Evah has yet to get a single of their economic prognostications correct: unemployment numbers, costs, deficits, whatever. Every one has been “revised” with the blame placed, naturally, upon Bush.
And now Insta links to an article that says that the deficit which was just late Friday revised upwards from $7 trillion to $9 trillion might in fact be more along the lines of at least $14 trillion.
And the scary thing, well, perhaps it’s better to phrase that as another scary thing because there are frankly so many scary things coming out of Washington these days, is that there is at least another $5 trillion in debt and liabilities out there that everyone is conveniently forgetting to mention: Fannie Mae and Freddie Mac. Remember them? They were placed “off budget” in September.
I wonder if my Bride will let me place my wine purchases “off budget?”
Politics | Mr. Bingley | 
August 26, 2009 8:42 am
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Incidentally, the Dems put Medicare, Medicade and Social Security off budget, too. Their combined obligations are, according to what I’ve read, $50 trillion, which is more than the rest of the world’s GDP combined. If so, your grandchildren will have nothing but debt.
Yo, man, just charge the wine on your credit card. Pay it off later! It’s the American way!
/sarc
A trillion here and a trillion there and pretty soon you’re starting to talk about real money. 7,9,14 or 50 ,we can’t afford to finance any of those numbers.