HappySqurriel on 02 August 2011
Without considering inflation, the likely rapid increases in spending due to unfunded liabilities, or the inevitable increases in interest rates, the US government is on track to spend roughly $40 trillion over the next 10 years while adding $15 Trillion to the debt ... and they can only cut $1 trillion made up mostly of accounting gimicks, and promise to cut $1.2 trillion more that will (most likely) never be implemented or will made up of accounting gimicks
