CBO report 2013 Long Term Budget Outlook, September 17, 2013, Debt trend unsustainable, Between 2009 and 2012 largest budget deficits since 1946, Federal debt 73 percent of GDP higher than any point in US history except World War II

CBO report 2013 Long Term Budget Outlook, September 17, 2013, Debt trend unsustainable, Between 2009 and 2012 largest budget deficits since 1946, Federal debt 73 percent of GDP higher than any point in US history except World War II

“What do you think a stimulus is? It’s spending – that’s the whole point! Seriously.”…Barack Obama

“…and Socialist governments traditionally do make a financial mess. They [socialists] always run out of other people’s money. It’s quite a characteristic of them.”…Margaret Thatcher

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

From the CBO September 17, 2013.

“The 2013 Long-Term Budget Outlook”

“Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causing federal debt to soar. Federal debt held by the public is now about 73 percent of the economy’s annual output, or gross domestic product (GDP). That percentage is higher than at any point in U.S. history except a brief period around World War II, and it is twice the percentage at the end of 2007. If current laws generally remained in place, federal debt held by the public would decline slightly relative to GDP over the next several years, CBO projects. After that, however, growing deficits would ultimately push debt back above its current high level. CBO projects that federal debt held by the public would reach 100 percent of GDP in 2038, 25 years from now, even without accounting for the harmful effects that growing debt would have on the economy (see the figure below). Moreover, debt would be on an upward path relative to the size of the economy, a trend that could not be sustained indefinitely.

Federal Debt Held by the Public Under CBO's Extended Baseline

Budget Projections For The Next 10 Years

The economy’s gradual recovery from the 2007–2009 recession, the waning budgetary effects of policies enacted in response to the weak economy, and other changes to tax and spending policies have caused the deficit to shrink this year to its smallest size since 2008: roughly 4 percent of GDP, compared with a peak of almost 10 percent in 2009. If current laws governing taxes and spending were generally unchanged—an assumption that underlies CBO’s 10-year baseline budget projections—the deficit would continue to drop over the next few years, falling to 2 percent of GDP by 2015. As a result, by 2018, federal debt held by the public would decline to 68 percent of GDP.

However, budget deficits would gradually rise again under current law, CBO projects, mainly because of increasing interest costs and growing spending for Social Security and the government’s major health care programs (Medicare, Medicaid, the Children’s Health Insurance Program, and subsidies to be provided through health insurance exchanges). CBO expects interest rates to rebound in coming years from their current unusually low levels, sharply raising the government’s cost of borrowing. In addition, the pressures of an aging population, rising health care costs, and an expansion of federal subsidies for health insurance would cause spending for some of the largest federal programs to increase relative to GDP. By 2023, CBO projects, the budget deficit would grow to almost 3½ percent of GDP under current law, and federal debt held by the public would equal 71 percent of GDP and would be on an upward trajectory.”

“Looking beyond the 10-year period covered by its regular baseline projections, CBO produced an extended baseline for this report that extrapolates those projections through 2038 (and, with even greater uncertainty, through later decades). Under the extended baseline, budget deficits would rise steadily and, by 2038, would push federal debt held by the public close to the percentage of GDP seen just after World War II—even without factoring in the harm that growing debt would cause to the economy.

By 2038, CBO projects, federal spending would increase to 26 percent of GDP under the assumptions of the extended baseline, compared with 22 percent in 2012 and an average of 20½ percent over the past 40 years. That increase reflects the following projected paths for various types of federal spending if current laws generally remain in place (see the figure below):

  • Federal spending for the major health care programs and Social Security would increase to a total of 14 percent of GDP by 2038, twice the 7 percent average of the past 40 years.
  • In contrast, total spending on everything other than the major health care programs, Social Security, and net interest payments would decline to 7 percent of GDP, well below the 11 percent average of the past 40 years and a smaller share of the economy than at any time since the late 1930s.
  • The federal government’s net interest payments would grow to 5 percent of GDP, compared with an average of 2 percent over the past 40 years, mainly because federal debt would be much larger.”

Read more:


Entire report:


58 responses to “CBO report 2013 Long Term Budget Outlook, September 17, 2013, Debt trend unsustainable, Between 2009 and 2012 largest budget deficits since 1946, Federal debt 73 percent of GDP higher than any point in US history except World War II

  1. “Obama has been blaming Bush for the deficit and bad economy since he began running for the presidency. He continues to blame the Bush Tax cuts for the deficit even though it is a lie. The Washington Post recently exposed this lie.”

    “When I walked into the Oval Office, I had more than a trillion-dollar deficit greeting me. And we know where it came from: two wars that were paid for on a credit card; two tax cuts that were not paid for”

    “The United States has now spent $1 trillion more
    than it’s taken in for four straight years.

    The Treasury Department confirmed Friday what was widely expected: The
    deficit for the just-ended 2012 budget year — the gap between the
    government’s tax revenue and its spending — totaled $1.1 trillion. Put
    simply, that’s how much the government had to borrow.”


  2. This was posted at: abovetopsecret.com today…..I don’t know and cannot speak for the correctness, but if true…..well another nail, I guess!
    Navy Shipyard shooting reported almost 9 hours BEFORE the event !

    Hey guys,

    A friend of mine posted this to his facebook and I felt it was worthy to point out here and see what you all thought of it.

    Kelow na Daily Courier

    The time stamp on the page was what he found interesting:

    Police, FBI: Shooter reported in military building at Washington Navy Yard; multiple victims


    If there is a way to determine the authenticity of this article, I’d be interested to see it,… otherwise it appears this shooting was reported several hours before it occurred.
    This kind of reminds me of the world news coverage and reporting of the destruction of Building 7 at the World Trade Center by a reporter….when the whole world could clearly see that Building 7 was still standing in the background behind her….

    Is there anyway this could be verified, or would they dare?

  3. Citizen Wells opinion snippet:

    We continue to have invasions, shootings at our military bases.
    Who in the hell is making these decisions to disarm our personnel & not have adequate security.
    Apparently the latest suspect got in with a shotgun.
    What kind of message does this send to our enemies?
    A US base can be attacked by someone wielding a shotgun?
    Reminds me of the “The mouse that roared.”

  4. I saw this on another blog today…a post reference Obama’s national television appearance the occurred three days BEFORE the shooter did his thing at the Washington Navel Shipyard…it’s an interesting take…to say the least !

    Appearing on Sunday’s “This Week With George Stephanopoulos”

    ” Obama insisted 90 percent of Americans support gun control but that a “faction of the Republican Party” prevented Democrats from passing anti-Second Amendment legislation”.

    Isn’t it amazing, Obama Speaks the words “Gun Control” and the next day a crazy shooter start shooting up a Navy Shipyard ”

    Can you say ………….Another Staged False Flag ? I can……
    I hadn’t thought about Obama’s appearance with Stephanopoulos until I read this…then it came to mind….the Emperor speaks and things happen.

  5. CW….thanks
    That was an accurate description of exactly what our problem seems to be today..“The mouse that roared.”.

  6. Barack Obama and John(Lurch) Kerry say, “Evidence, What Evidence…We Don’t Need No Stinking Evidence…We Will Just Manufacture Some”

    There is also in contravertible evidence presented here that Kerry (Kohn) and Obama DELIBERATELY AND KNOWINGLY presented fake evidence to Congress and to the American People. This a criminal act in support of war crimes. All available evidence indicates that the “chemical weapons” attack in Damascus, Syria, is a manufactured fake, like the Boston marathon bombing. What is even more shocking, it appears that these two events are linked. Both are also bear incriminating connections to John Kerry (AKA John “Kohn”).

  7. Interested Bystander

    Hey All,

    Maybe we ought to look in to how someone with Alexis’ background can get a security clearance.

    Seems to me that the laws, rules, regulations, restrictions, or whaterver else you want to call them were in place, but not followed.

    Maybe the contractor should bear SOME responsibility, but the sad fact is the Government will have to settle this and the contractor will more than likely go on as if nothing happened and continue to allow questionable people to be their employees.

    But the powers that be will go on stage one by one screaming about how MORE regulations, laws, rules etc. need to be adopted.

    Welcome to America, where if you go to an NFL game, you can’t carry in anything larger than whatever it is, AND it has to be see through, and can you lift your coat up so everyone can see your bloated belly..

    If it saves ONE life…………………….Blah blah blah

    But by golly a guy can carry a shotgun in to a secured building and kill 13 people.

    I know, let’s take MORE freedom away.

    That’ll stop it for sure.

  8. Interested Bystander

    Can someone please explain to me why Eric Holder hasn’t been put in jail?

    He WAS found in contempt of congress was he not?

    What is his punishment? What WAS his punishment?

    I can not understand why the media isn’t covering this.

    The DoJ has document related to Fast and Furious that they haven’t turned over after these documents were subpoenaed, but were not turned over.

    This was AFTER they admitted to presenting a LIE of a letter to the committee back when this first came to light in 2010.

    Not only that, but Obama claimed executive privlidge which pretty much admits that HE knew about it.

    The Mexican Government said they had arressted one of the suspects in the Terry murder.

    Crumbs, the Terry family deserves to know the TRUTH, no matter how hard it is for our Government to admit, and let the cards fall where they fall.

    I thought that’s what Obama promised back when he took office.

    Transparent, is NOT what I would call this administration.

    Sick and twisted would be more like it.


    Try rearranging these words:

    “P R E S I D E N T B A R A C K O B A M A”……here’s what you WILL get;:
    “AN AR A B B A C K E D I M P O S T E R”……….don’t believe me?

    Try it yourself……Our president is telling us that he is “An Arab backed Imposter ….and I BELIEVE HIM !!!

  10. Interested Bystander

    Hey All,

    I find it hard to believe our Government would do what is being theorized here.

    I don’t buy the 9/11 stuff, and I find this hard to believe also.

    Is there ever a “legit” mass murdering or terrorist attack?

    I mean EVERY time it seems they are screaming GOVERNMENT, GOVERNMENT, GOVERNMENT.

    It’s kind of like the boy who cried wolf.

    I will say that with PROOF, I can be pursuaded.

    RMinNC, with all due respect, your video link at 3:14 screams PROPAGANDA. With it’s “edits”, it sure does distort what the story actually said. The bottom line is that Kerry LIED when he said that they had seen pictures, while showing the pictures in the video.

  11. Interested Bystander

    Hey All,

    Does anyone know if contractors have to submit the names of people who will be “coming and going” to someone in the Government who at least does a minimal background check on them?

    I’m thinking this Alexis dude would have created a red flag when put in to a data base, ESPECIALLY his dismissal from the service.

    From what I heard tonight, he’d only been in DC since Aug 27 or something like that, and even said what hotel he stayed in the last few days before the attack.

    How does someone move to DC on Aug 27th, get a job with a contractor for the DoD, a security clearance and then know who it is he wants to shoot? From what I heard, he targeted supervisors.

    Do we “trust” these contractors enough that we take their “word” on it?

    I’m thinking we need ANOTHER department to oversee the department that oversee these things.

    More Government and less freedom, please.

  12. Interested Bystander

    One more thing, and I’ll let the “sane” folks take over:

    I always thought that while a civilian, if you got in to trouble, you were sometimes given the choice of going to the military, or going to jail.

    It seems that Alexis got in trouble while off duty, and the military released him.

    I haven’t researched it as of yet, but one report I saw showed that he was dismissed from the military following an incident where a gun was present, not sure what even happened, so I may be jumping the gun on that.

    But I find it ironic how you get in trouble as an 18-19 year old and are offered a “deal”, but when you are in the service and get in trouble, you’re cut loose.

    UP is DOWN

    I would think that you’d be in DOUBLE trouble.

    I guess I’m not fully indoctrinated yet.

  13. Interested Bystander

    Good evening all.

  14. IB….

    Every one has his own little wagon to pull….yours is blue, mine is red…..

  15. Interested Bystander


    Can mine be purple?

  16. “Banning Gold Coins & Confiscating Coins From Safe Deposit Boxes to Help the Economy”

    At YouTube:

    “Obama supporters in San Diego, California sign a petition to ban and confiscate gold coins from people’s homes and safe deposit boxes as part of the President’s economic recovery plan. Author and media analyst Mark Dice uses the key words “will you help Obama” and that’s all it takes for people to sign his crazy petition.”

    Published on September 16, 2013

  17. IB….

    Whatever floats your boat……..

  18. Gordo,

    I’ve seen many of these Mike Dice clips and it astounds me that so many people will sign a petition at the request of a total stranger without giving any thought to it…. no matter how outrageous. What’s wrong with people?

    What is the motivation?

  19. Washington Gunman Recently Told Cops He Was Being Bombarded By Microwave Signals That Kept Him Awake At Night

    This article headlines Drudge, and one of the commenters recommended googling in “voice to skull”. I did just that and was surprised to learn how advanced this technology is. Not to say that this was what happened to the gunman, but it certainly bears some consideration. Wikipedia has quite a bit on the subject. If it is a bona fide reality, which it appears to be, we are facing something very scary.

  20. Folks,

    Many in the Media have been wondering “how” this person was able to receive, maintain and renew his security clearance, but none have sought to seek the most likely reason.

    Can anyone say: “Affirmative Action”!!!

  21. Good morning CW et. al,

    Just to expand on my affirmative action comment above, while not “all” employers are required to report affirmative action hiring, it is my understanding of the law that “all” governments, government contractors and sub-contractors working with/for the government are required to file an employer AAP (Affirmative Action Program) report to the U.S. Dept. of Labor.

    Wouldn’t be difficult to find out if this was the case or reasoning for hire and employment with this individual. Anyone think the MSM will check into this? Probably not….

  22. I.B.,

    I personally have never believed in the 9/11 Truthers alternative scenarios, propagated by Ron Paul, expanded upon by his followers into oblivion. But that is neither here nor there for discussion as it’s completely open ended discussion without facts. Main reason I don’t participate with discussions pertaining to that subject matter.

    While there are clearly “some” things I truly agree with Ron Paul, he disappoints me similarly to RINO’s, whereby they pick and choose which parts and portions of the Constitution they choose to fight for, and that depends on the variables they believe will either win or lose an election.

  23. Good morning William, et al.

  24. The Muslim Brotherhood & its growing ties to the U.S. government‏
    Here is the video of Louis Gohmert questioning Janet Napolitano (BTW she has never responded to his requests) https://www.youtube.com/watch?feature=player_embedded&v=354GJU3X54Y#t=12

  25. Good morning Zach.

  26. Some good news…hopefully…

    Just moments ago, Speaker of the House John Boehner (R-OH) announced that the House would vote on a continuing resolution “defunding ObamaCare while letting the rest of the government continue to operate.”

    Calling the President’s signature legislation “a train wreck,” Boehner added, “It’s time to protect American families from this unworkable law.”

    Though a politically risky strategy, it’s one that has growing support. A recently released CNN poll shows that 57 percent of Americans favor their current health care plan over Obama’s Affordable Care Act.

    The fact that the House is moving forward with a vote to defund ObamaCare can only be seen as a victory for grassroots Americans who fear that the President’s health care overhaul will devastate our economy, the workforce and quality of care in the U.S.

  27. Interested Bystander


    I hate to be the one who bursts your bubble, but we’ve seen this movie before.

    Blowhard will pass the bill, the Senate won’t do anything, and Obama and the Democrats will start the “Grandma and grandpa will be eating dog food if the Government shuts down” line, Blowhard will finally give in at the 23:30 mark, right before the Government is scheduled to shut down.

    Sorry, but that’s the way I see things.

    Plus I’ve got history on my side.

  28. Muslim Brotherhood Official, Former Clinton Foundation Employee Arrested

  29. Interested Bystander


    As far as I know, Paul has advocated more investigation in to the 9/11 fiasco, but as far as suggesting it was an inside job, I have yet to hear those words out of his mouth.

    I can understand why he’d want more insight in to how those terrorists got access to the United States, why Air Force jets weren’t scrambled earlier, and how the terrorists got the transponders to shut off, I’d like to know also. With that stated, I find it hard to believe that the Government is going to point their finger at anyone, or any department.

    That’s just the way these investigations go now.

    Wasn’t there supposed to be an independent investigation in to F&F?

    THAT sure did accomplish alot.

    Seems the Government is more interested in listening to MY conversations and internet activity and less interested in to looking in to RED FLAGS.

  30. Interested Bystander

    What is it with the Muslim Brotherhood now?

    It’s like two years ago, you hadn’t heard of them, and now all we hear is about how bad they are.

    Why weren’t we alerted about the Muslim Brotherhood 10 years ago?

  31. cabbyaz | September 18, 2013 at 2:46 am |

    Thanks for the post. I looked up “voice to skull” technology and apparently it’s decades old. I had no idea. Very unsettling.

  32. IB,

    Why weren’t we alerted about the Muslim Brotherhood 10 years ago? Because 9-11 was so fresh in our minds. Meanwhile, they have infiltrated every branch of our government.


  34. One last thing……………….

    I listened to Cathleen Alexis apologize for her son’s actions. I felt so sorry for her. I believe she was sincere. May God comfort her and all the families that were involved.

    Excerpted from NBC News: The mother of Aaron Alexis, the Washington Navy Yard shooter, said Wednesday that she was heartbroken and sorry for the families of the victims, and that she was glad he is “in a place where he can no longer do harm to anyone.”

    In a brief statement to a reporter in New York, the mother, Cathleen Alexis, said that her son “has murdered 12 people and wounded several others.”

    “His actions have had a profound and everlasting effect on the families of the victims,” she said, her voice trembling. “I don’t know why he did what he did, and I’ll never be able to ask him why. Aaron is now in a place where he can no longer do harm to anyone, and for that I am glad.”

    She added: “To the families of the victims, I am so, so very sorry that this has happened. My heart is broken.”

  35. This week government forces recaptured a town held by the Muslim Brotherhood after Christians begged for help.

    On Monday, police arrested dozens of militants, opposed to the ousting of Mohamed Morsi, the country’s first elected president. The authorities blame the militants for torching Christian homes and attacking police stations and monasteries in the impoverished town in Minya province, 250km south of Cairo, Egypt’s state media said and residents confirmed.

    The raid comes after repeated pleas for help from the town’s Coptic Christians who were either forced to leave or had to to pay protection money to the group, which took over the town on July 3 after the military ousted Mr Morsi.

    Take a close look at that. Obama’s allies in the Muslim Brotherhood are forcing non-muslims to pay “protection” money, also known as “Jizyah”. That’s the sharia my friends, circa 2013 (year 5 of our dear leader). That’s what Morsi and his crew of Bros had in mind all along. Now they have nothing to lose so the mask is off.

    With the following in mind, ask yourself the questions below:
    The Muslim Brotherhood spawned Hamas
    The Muslim Brotherhood spawned Islamic Jihad
    The Muslim Brotherhood spawned al-Qaida

    Which side are we supporting?
    Was this the fundamental transformation America wanted?

    – See more at: http://www.thegatewaypundit.com/2013/09/egyptian-forces-liberate-local-christians-recapture-town-from-muslim-brotherhood/#sthash.AbaBfiWT.dpuf

  36. Probe launched over claim that elite Capitol Police unit blocked from Navy Yard massacre

    The board that oversees the U.S. Capitol Police has opened an investigation into whether a tactical team of officers that was one of the first on the scene during the Washington Navy Yard shooting was ordered to stand down.

    Several sources confirmed the probe to Fox News. The investigation follows reports that a highly trained and specialized Capitol Police team arrived soon after the shooting started, but was told by a supervisor to leave the scene.

    The BBC, which first reported on the allegation, quoted a Capitol Police “source” as claiming “lives may have been saved” if the team could have intervened.

    Read more: http://www.foxnews.com/politics/2013/09/19/probe-launched-over-claim-that-elite-capitol-police-unit-blocked-from-navy-yard/#ixzz2fLcJJj7L

    Read more: http://www.foxnews.com/politics/2013/09/19/probe-launched-over-claim-that-elite-capitol-police-unit-blocked-from-navy-yard/#ixzz2fLc6R5JO

    Who ordered this and WHY?????????

  37. Hi SueQ,
    Thanks for posting about the order to stand down. I was just getting ready to post the same reported over at Breitbart. Something is really fishy here!!
    I am not predisposed to conspiracies, but this attack is looking very suspicious! It is difficult to know the real truth. I still ponder Bummer’s response right after it happened. He really hardly acknowledged it at all but went on a political tyrant against Repubs. Strange. Unnatural. But then again, he is an unnatural guy.

  38. He may be an unnatural guy but he is a natural born liar!

  39. Philo,
    You hit that one on dead center!! (I should have written “tirade”, not “tyrant” – It is early for me. 🙂 )

  40. Cabby,

    I don’t know what to think about this case. I researched the “voice to skull” technology you mentioned and it clearly has existed for a long time. Alexis complained of “voices”. Was he crazy, or a victim? I just don’t know. I am probably a little less skeptical than you, but I’m not a pushover either.

    Watch for many “off the wall” theories to pop up and muddy the waters so as to bury the truth.

  41. Speaking of “voice to skull” techlology, don’t you wish we could all get a hold of one of these machines and sit in the senate chamber, point it at our representative and repeat “impeach Obama….impeach Obama…..impeach Obama”? 🙂

  42. ICE Union Head says Obama Acts “Like A Dictator”

    “As long as one person can act like a dictator and ignore the law and make his own laws through policy, we will never have a system that works.”…“There is no more of a clear cut case in our country of the president overstepping his authority, ignoring the law, ignoring the Constitution, than the president’s ordering of ICE agents not to enforce U.S. immigration law,”


    “Fathom the hypocrisy of a government that requires every citizen to prove they have insurance…but not everyone must prove they are a citizen.”

    Now fathom any of those who refuse or are unable to prove they are citizens will receive free insurance paid for by those who are forced to buy insurance because they are citizens.”……………Ben Stein
    This is pretty well what we have with Obamacare and it would happen no where else but in America………

  44. SueQ, (1:48 pm)
    Excellent idea! You gave me a good chuckle for the day.

    I agree about the shooting. There are a lot of puzzling things surrounding it, and, yes, the gamut will be run with all sorts of conflicting reports and ideas. So far, though, I haven’t read very much of that type on the net. I guess people are “road weary”.

  45. RMinNC (4:39 pm)
    Thanks for sharing Ben Stein’s quote about Obamacare. It is SO true.
    Been missin’ ya’, Friend!!

  46. Received this in an email today!:

    “Oh, Donna”

    In case you missed it…this may soon be #1!

    Listen to a hit song, sweeping the country.

    The 50’s hit, “Oh, Donna” will never be the same.


  47. Spitting on Their Graves: Democrats Leave Benghazi Hearing Before Testimony From Families of Victims

  48. Cabbyaz…..good evening friend…

    I’ve been around lurking in the shadows…..haven’t had much to say lately….just sitting here waiting for the next false flag to drop…..know what i mean?.

  49. Yeah, RM, I hear you. The blogs seem to be rather quiet, except for the pending vote by the House to defund Obamacare. We seem to be also waiting for the next shoe to drop. We think that things can’t get any crazier, and then they do. I find that a pause is necessary occasionally to keep one’s sanity.

  50. Hi Cabby and RM,

    Yes, quiet however, I’ve been asked by several CW’ers via e-mail if I could check to see what’s up with this new ‘four strain’ flu shot this year.

    I am checking and will post my annual flu shot info as soon as I know what I’m talking about :).

  51. Its not quiet here. I am still madder than a hornet at the Dems walking out of the Benghazi Hearing before families of victims testified.

  52. SUEK….and Cabbyaz..

    I just took my flu shot the day before yesterday…I didn’t see anything different…no pian…no problem….

    On a different note….

    This fisty little congressman from South Carolina, Trey Gowdey, just dresses down this arm-chair Admiral very nicely….I always thought Mullins looked like a snake in the grass…he proves it here on this video…..watch Mullins squirm…

  53. The scumbags that walked out

    Carolyn Maloney (NY-!$)
    Danny Davis (IL-7)
    Eleanor Holmes Norton (D.C.)
    Gerald E. Connolly (VA-11)
    Jim Cooper (TN-5)
    John TIERNEY (MA-6)
    Mark Pocan (WI-2)
    Matt Cartwright (PA-17)
    Michelle Lujan Grisham (NM-1)
    Peter Welch (VT)
    Stephen Lynch (MA-9)
    Steven Horsford (NV-4)
    Tammy Duckworth (IL-8)
    Tony Cardenas (CA-29)
    William Lacy Clay (MO-1)

  54. Russian Paper: “Once Drug Addict Obama Cannot Fight Against Vladimir Putin”


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