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View Full Version : Federal Budget bubble is about to burst!




Elwar
11-12-2010, 10:27 AM
Washington, November 12, 2010 - The 2010 Federal budget has reached a record high of $3.55 trillion, eclipsing previous budgets and with projections of going even higher next year.

But just like the dot com bubble of the early 2000s and the housing bubble from the past two years, the federal budget is at the brink of falling to levels not seen since 2004. A free fall of public sector financing and military and entitlement spending.

With the growing wave of support for a balanced budget and the recent wake up call sent to Washington by the voters of the country, the spending levels could fall to $2.3 trillion to equal the total receipts brought in. There has already been work by the president's Debt Commission and talk by newly elected Senator from Kentucky, Rand Paul, of proposing a balanced budget.

http://www.onenewspage.com/news/Press+Releases/20101112/16908791/Federal-Budget-Bubble-Is-About-To-Burst.htm