Cross-posted at
Clark Community Network
Due in part to a strong economy and the President's commitment to fiscal discipline, the federal fiscal condition has improved for an unprecedented nine consecutive years. Based upon today's new economic and budget projections for the coming 10 years from the Office of Management and Budget (OMB):
The United States can be debt-free this decade.
The national debt is projected to be paid down by $237 billion this year.
The 4-year total debt paydown will be $600 billion. Over the last three years, we have already paid down $363 billion in debt. Therefore, The United States is on track to reduce the debt by $600 billion over four years, the largest four-year debt pay-down ever.
Oftentimes, people say I don't give the President enough credit. Guilty as charged. But I'm man enough to give him his props on this one. Here's more info.
And here's a follow-up article.