View: Debt Forecast.jpg (1687×1032)

Debt ceiling on its way to being breached THIS year, not next, as the Government has asserted. Alas, as the chart below shows, which forecasts US Treasury debt based on the just released numbers, all these numbers will ultimately need to be revised even higher as it is now inevitable that the debt ceiling will be breached in 2012, only not as the Treasury predicts toward the end of December, but well before that.