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Uh, Obama? We Have a Problem: Interest Expense to Hit $1 Trillion in 4 Years

Drifter33 Wrote: Feb 06, 2013 5:31 AM
Krugman is the "poster child" for why the Nobel committee members ought to be ashamed of themselves.

I hate to interrupt Obama’s “We Don’t Have a Spending Problem” World Tour. But reality intervened on Tuesday as the Congressional Budget Office released a report that says that the budget deficit will grow through 2023 and “will eventually require the government to raise taxes, reduce benefits and services, or undertake some combination of those two actions,” reports CBSNews- and all of that just to cover interest payments.

“In its annual Budget and Economic Outlook,” writes CBSNews, “the CBO said debt held by the public will be bigger by 2023 than in any year since...

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