Federal Deficit For 2012 Closer to $4 Trillion Rather Than Official Estimate of $1.1 Trillion
Wednesday, February 01, 2012
The Congressional Budget Office (CBO) yesterday reported that the federal budget deficit is projected to reach $1.1 trillion in 2012. That number is troubling enough but the reality is much worse. The United States will actually go about $4 trillion further in debt during the year.
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