Chart of the day: projected US government deficit

Now that we are practically guaranteed to add the Fannie and Freddie debt to the already robust debt levels of the U.S. Government, its a good time to look at what the Government’s accountant (GAO) says about its fiscal position going forward.

In two words: not good.

Maybe Bill Ackman’s plan would be the best for not making this look any worse.

Source: Perotcharts.com