You Ain't Seen Nothing Yet-Part 3Article as titled above at link>> https://www.theburningplatform.com/?p=32482
Based on the current rate of US spending the National debt is increasing @ 3.7 billion a Day!.
Current Deficit @ 15.6 trillion (up 10 trillion since 2000)and Debt ceiling limit of 16.4 trillion expected to
be breached (in 6 months)Oct/12 .
the total national debt is estimated to be 20.8 trillion by the end of 2016.. See gov't spending
schedule ...click here.>>>> https://usgovernmentspending.com/welfare_budget_2012_4.html
Based on the attached gov't spending budget :
(In Trillions)
2011 2016 %- Inc(Dec)
total Gov't Spending 3.818 4.468 17% Inc
Net Spending Deficit 1.645 .649 60% Dec
Difference(Net Revenues) 2.171 3.819 76% Inc
Accumilated Deficits 15.476 20.825 35% Inc
I think the attached budgets are very optimistic over the next 5 years . Check out the
reduced spending in various categories such as Defence,unemployment, welfare, etc. . By 2014
interest on the deficit exceeds Unemployment and Welfare costs. Where is an additional 1.648
trillion in revenues (76% increase)coming from in the next 5 years(3.819-2.171) . I don't think it
will be coming from Warren Buffet 1% Group..And it certianly won't be from the Baby Boomer Group with historic low interest rates in place(retirement funds have no way of growing without taking risk on.). ....................Maybe we should start a 50/50 pool on the
POG and the Size of the US Deficit at the end of 2016.
My Guess at end of 2016 is POG $ 3,350 oz
US Deficit 23.9 Trillion(based on Avg Deficit of 1.5 Trillion
over next 5 years)