A Guide To The Three Budget Fights Coming In The Next Four Months
Posted By: Yidwithlid      1/22/2013 7:32:17 AM
The Lid, by Jeff Dunetz
Original Article

Now that Inauguration Day has passed and both the President and Congress have been sworn in it is time for the executive and legislative branches of government to go back to swearing at each other. As we enter the President’s second term America’s nation public debt (money owed to lenders outside the federal government) is over $16.5 trillion dollars and projected to by the Congressional Budget Office (CBO) to grow another five trillion by the end of Obama’s second term. The CBO also reports that the “fiscal cliff” deal will signed at the beginning of the year will actually raise the