Congessional Budget Office predicts end of USA with this chart

Discussion in 'Economics' started by bond_trad3r, Mar 21, 2009.

  1. [​IMG]

    So CBO assumes a V-shaped recession and predicts we'll turn around and stop declining.. err... right now apparently... But in the long run a slow and steady decline into a bottomless abyss.

    The notion that the economic decline has effectively halted and we'll rise faster than we fell is fantasy that will soon be proven so within a couple months.

    No wonder the Fed went bat-shit crazy and pumped a trillion into the economy.

    Next meeting I'll bet the money pump jumps to 2 or 3 trillion.
  2. Numbers of the y-axis are, of course, the budget deficit as a percentage of gdp for the given year.
  3. replace with what?