Projections for the future deficit of the US government just keep getting scarier. On Tuesday, the White House released new figures predicting a cumulative $9 trillion in red ink from 2010 to 2019. That’s $2 trillion more than the administration had estimated just in May.

But wait: Maybe things aren’t so bad after all. The Congressional Budget Office also released a new deficit forecast on Tuesday: a 10-year shortfall of a mere $7 trillion. That’s not much worse than CBO’s last prediction.

http://features.csmonitor.com/politics/2009/08/25/trillion-dollar-deficits-how-serious-are-they/