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The Treasury's plan to buy troubled assets has a $700 billion price tag, and it will mean a huge amount of government spending. However, due to accounting rules it likely won't have any effect on the 2009 budget deficit.
Believe It or Not, Bailout Won't Substantially Expand the Deficit
Seeded on Sun Sep 28, 2008 11:37 AM EDT
Article Source: Wall Street Journal- Enjoy this article? Help vote it up the 'Vine.
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"Taking the years 2009 onward as a whole, the TARP will likely have little direct effect on the long-run fiscal position. If one wants to worry about fiscal matters, the demographically-fueled entitlement problem will make the mortgage mess look like small beer," he said.
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#1 - Sun Sep 28, 2008 11:38 AM EDTYou're in Easy Mode. If you prefer, you can use XHTML Mode instead. |
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