Debts will rise

Debtsare going to rise over the next decade. It's predicted that the debt will rise to nearly $1.6 trillion. From 2010 - 2019, there will be a $9 trillion dollar deficit, which was $2 trillion more than it was originally estimated. The economy will lower by 2.5 and it'll become 2.8. This makes it harder for the country to get out of the recession, because people are going to be forced to raise taxes. Some action is going to have to be taken and the economy can't afford to get worse. Obama said he would nominate Ben Bernanke for a second term in the Federal Reserve. This helped ease some financial worries. With these predictions, Obama's goal to lower the deficit in half by 2013 will look more difficult to reach. It will also make it harder to reconstruct health care system. Unemployment will remain up to the next election. These predictions are just a sample of the hard road up ahead. It is becoming clear that the economy will become worse before it gets better. If Obama keeps his promise, then in 2013 we will look back and say,” Remember when our economy was really bad?" Then again these are only predictions, so they are subject to change. So just as fast as it looked as though we would be in even more debt it could look like we could get out of it faster.