The hundred-gazillion dollar federal budget

Ever since I can remember, fiscal conservatives have been predicting that the federal deficit will be exploding to 5, 10, 20 times GDP in a few years… just you wait. Sometimes liberals have fun going back in time and finding out that the US government was supposed to collapse a couple years ago based on some conservative prediction, but that doesn’t stop this from happening.

So while Paul Ryan’s budget is getting beaten up for being a complete fraud, it’s also worth knowing that it involves the kind of fraud that we should be used to by now. I don’t know how he calculated this, but, no, I instinctively reject graphs like this one:Ryan deficit prediction

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