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<p>[QUOTE=&quot;Cloudsweeper99, post: 830589, member: 3011&quot;]I would conclude the following:</p><p><br /></p><p>1. If the government admits the deficits are going to be $1trillion per year going forward, they are likely to be worse, perhaps double.</p><p><br /></p><p>2. Whatever the budget deficit is, the total deficit will be worse because of all of the off-budget spending.</p><p><br /></p><p>3. It probably isn&#039;t possible for the government to borrow $1trillion+ every year from now on because the world doesn&#039;t have enough saving to lend.</p><p><br /></p><p>4. It isn&#039;t possible to balance the budget through cuts, and it isn&#039;t possible to balance it through tax increases.&nbsp; </p><p><br /></p><p>5. The most probable outcome is long term severe economic hardship, which will probably worsen fairly suddenly and without warning.</p><p><br /></p><p>6. Both political parties know this, hence the rush to push the blame on the other guy.&nbsp; They know that bad things frequently happen to political figures throughout history who preside over national collapse.</p><p><br /></p><p>I hope I&#039;m wrong.&nbsp; I think I&#039;m right.[/QUOTE]</p><p><br /></p>

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