Plowing through CBO report: projects National Debt will top $26-trillion in 2023, $10-trillion more than now. (100% of projected GDP).—
Mark Knoller (@markknoller) February 05, 2013
As Twitchy reported earlier today, the Congressional Budget Office now estimates that 7 million Americans will lose their employer-based health insurance by 2022, thanks to Obamacare. That’s not the biggest number in the report by a long shot. Those digging a little deeper into the report are finding that, given its current trajectory, the national debt is on track to hit $26 trillion over the next decade.
CBO: Gross federal debt (public debt + $ owed to trust funds) to reach $26 trillion by 2023—
Philip Klein (@philipaklein) February 05, 2013
To be revised upward?
According to the CBO, total US public debt will be $26 trillion in 2023. So realistically at least $30 trillion—
(@zerohedge) February 05, 2013
Wait a second. Does this estimate take into account the rich now paying their fair share?