Chart of the day: projected US government deficit

Now that we are practically guaranteed to add the Fannie and Freddie debt to the already robust debt levels of the US Government, its a good time to look at what the Government’s accountant (GAO) says about its fiscal position going forward.

In two words: not good.

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Now that we are practically guaranteed to add the Fannie and Freddie debt to the already robust debt levels of the U.S. Government, its a good time to look at what the Government’s accountant (GAO) says about its fiscal position going forward.

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In two words: not good.

Maybe Bill Ackman’s plan would be the best for not making this look any worse.

Source: Perotcharts.com

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