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Reply #59: I see it beginning to implode in 2014. [View All]

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TahitiNut Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-06-03 01:09 PM
Response to Reply #53
59. I see it beginning to implode in 2014.
The projections that outlays will begin to exceed receipts in 2018 are, I believe, too optimistic considering unemployment and underemployment ... and considering the increased deficit spending and increased interest payments on the national debt.

Since federal budget projections, as well as long-term financial planning in various areas of the private sector, use a ten-year (or greater) planning horizon, we'll be seeing the anticipatory effects of this implosion almost immediately ... and getting bigger all the time.
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