HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Debt Ceiling Showdown: GO... » Reply #9
Introducing Discussionist: A new forum by the creators of DU

Response to veganlush (Reply #8)

Fri Jan 4, 2013, 01:08 PM

9. No, it won't be

The "trillion dollars" in sequestration is over the course of ten years. The debt ceiling needs to be raised to cover about 900 billion in excess spending (over revenues) in one year.

So they'd be about 800 billion short this year. Obviously we are going to borrow most that money, sooner or later. The Fed is pushing cuts to entitlement to make the future debt trajectory look better.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Please login to view edit histories.