Red Ink XI

The Concord Coalition Plausible Baseline, created using the Congressional Budget Office’s (CBO) updated projections, shows that current policy would lead to $14.4 trillion in deficits over the next 10 years.

That’s double the forecast of 7 trillion, just a few weeks ago. In trillions of dollars.

How big is a trillion? 1,000,000,000,000. That’s not so big, is it? A zero here, a zero there; what’s the difference?

Is there another way to visualize this? Try this. Or maybe this will make it more clear.

Surely this “Concord Coalition” is rag-tag group of right wing nut jobs, a bunch of tea-baggers straight out of one of those Town Hall meetings, right?

Wrong.

Comments

  1. Jonathan Webb says:

    Thanks, Quin.

  2. Rufus McCain says:

    What's a trillion in roman numerals?

  3. Anonymous says:

    Red rag to a bull wouldn't come close.

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