http://finance.yahoo.com/news/AP-sources-2-trillion-higher-apf-2763511180.html?x=0&sec=topStories&pos=4&asset=&ccode=
The Obama administration expects the federal deficit over the next decade to be $2 trillion bigger than previously estimated, White House officials said Friday, a setback for a president already facing a Congress and public wary over spending.
The new projection, to be announced on Tuesday, is for a cumulative 2010-2019 deficit of $9 trillion instead of the $7 trillion previously estimated. The new figure reflects slumping revenues from a worse economic picture than was expected earlier this year. The officials spoke only on the condition of anonymity ahead of next week's announcement.
If you have the time to look auction by auction at the treasury website:
http://www.treasurydirect.gov/instit...re/preanre.htm
and enought time to look at the FED buying in both coupons and MBSs at
http://www.newyorkfed.org/markets/po...&opertype=orig
You will find that in 2009 only in FED coupon purchases and treasury auctions the amount is already over 5.2 trillions so far.
No wonder why Obama is rising the # to 10 trillions, but it wouldn't be for the next 4-10 years.
The FED is monetizing the US debt grossly. The FED is using treasury and their primary dealers to launder the money.
