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?
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?