Red State: How the U.S. Went $10 Trillion in Debt in a Decade | BNET

Red State: How the U.S. Went $10 Trillion in Debt in a Decade | BNET
In 2001, the Congressional Budget Office projected that the U.S. government would erase its debt by 2006 and sport a hefty $2.3 trillion surplus by 2011. A decade later, we’re some $10 trillion in the red — the deepest hole relative to the size of the economy since 1950.