US BUDGET DEFICIT ALERT WARNING
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U.S. Budget Group Says Both Bush & Kerry Offer Weak Fiscal Plans Oct 18 / 15:39 EDT
WASHINGTON (MktNews) - Neither President Bush nor his Democratic challenger, Sen. John Kerry, are offering fiscal plans that adequately address the nation's fiscal challenges, says the Concord Coalition, a budget watchdog group.
In a detailed study of the fiscal plans of Bush and Kerry, the budget group concludes that while the two candidates are offering sharply different fiscal plans, neither has a "credible" plan for dealing with the U.S.'s serious fiscal problems.
The Concord Coalition says that when plausible spending and revenue assumptions are used the projected 10-year budget deficit is close to $5 trillion.
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It adds that while the short-term outlook is gloomy, the
longer-term outlook is just a touch short of terrifying.
The report quotes David Walker, the U.S.'s comptroller general, who has said the U.S. is on the verge of a "demographic tidal wave that is never expected to recede."
Mit allem gebührenden Respekt vor der Concord Coalition die Alarmglocken zu klingeln - der geplante schreckliche langfristige Ausblick von einem Budgetdefizit von $5 Billionen ist doch etwas lächerlich!
$5 Billionen?
Auf Cash Basis wird das Budgetdefizit über $100 Billionen während des nächsten Jahrzehnts betragen!
Das soziale Sicherheitssystem wird während der nächsten 10 Jahre stark getestet werden. |
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