The Deficit is Worse than Projected

July/01/2011 16:20PM
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First, the deficit numbers reflect current interest rates. These rates won’t stay forever. It’s calculated at 2.5% interest. If interest rates go to the average of 5.7%(past two decade average), the deficit would increase by $4.9 trillion over the next ten years. Next, the growth in GDP is forecast at 4% in 2012, 4.5% in Read the full article…