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The $10 Trillion Man?   Several years ago I predicted that the National Debt would reach $10 trillion by the time President Bush left office. For a short period (thanks to the housing bubble), it looked like the deficit would be less than I projected. Now that the housing bust is hitting government revenues, it looks like the $10 trillion projection will be close. From MarketWatch: Budget deficit widens to [February] record $175.6 billion The federal government deficit widened to a record $175.6 billion in February, in part because of the economic slowdown and in part because of the extra day in February this year that allowed the government to send out more tax refunds and more benefit checks, the Treasury Department reported Wednesday.The current National debt is $9.397 trillion (see TreasuryDirect) as of March 10, 2008. That leaves the debt about $603 billion short of my projection with only 10.5 months to go. It will be close! It is important to understand...
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