08-25-2009, 05:04 PM
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CC Member
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Join Date: Feb 2005
Location: Northern,
CA
Cobra Make, Engine: Still Working on This
Posts: 301
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Not Ranked
$9 Trillion Federal Deficit....
In a chilling forecast, the White House is predicting a 10-year federal deficit of $9 trillion — more than the sum of all previous deficits since America's founding. And it says by the next decade's end the national debt will equal three-quarters of the entire U.S. economy.
My prediction-using this as the reason and the continuing debate regarding how to fund the estimated $1Trillion it will take to revamp healthcare (which is not part of the projected $9 trillion deficit), President Obama will defer any further action on healthcare reform until 2010 to 2011.
While his party may not like it, it is a graceful way to regroup, save face and reevaluate options.
Guess we will see if my hypothesis plays out in early 4th quarter.
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