George Mason University has contended that the Congressional Budget Office, even in the age of supercomputers, just cannot keep up with the national debt. In other words, the growth of the national debt moves quicker than does the technology used to measure it. In 2009, US debt was half of the country’s overall revenue, 10 years ahead of the 2019 prediction made by the CBO in 2007. So, we are in fiscal wonderland floating about in a dazed fit of economic and exchange oblivion. Only US debt growth is the drug. According to the CBO, the national debt is set to increase to 80 percent by 2014. But, it keeps moving its figures higher year after year. This is five years nearer than the 2009 projection, and thirteen years ahead of the 2007 projection.
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