Saturday, March 21, 2009

CBO Projects Obama $9.3 Trillion Deficits

Via International Herald Tribune

"Hope-n-Change" budget proposals will balloon the federal budget deficit to $9.3 Trillion dollars over the next decade---the deficits would be nearly $5 Trillion dollars more than Obama's current projections according to the Congressional Budget Office.

CBO sees fiscal year 2009 budget deficit at highest ratio to gross domestic product since 1940's

Gone are the days of Obama's promised spending cuts and a new era of responsibility.

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