Deficit
CBO projects $1.5 trillion deficit for 2010 in Obama budget (Quadruple George Bush deficit)
The federal deficit would hit $1.5 trillion in 2010 under President Barack Obama’s proposals, the Congressional Budget Office (CBO) projected Friday.Quadruple
The nonpartisan budget office said it projected a deficit measuring 10.3 percent of gross domestic product (GDP) this year, and a $1.3 trillion deficit in 2011 that would measure 8.9 percent of next year’s GDP.
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You thought Bush was bad? Think again as Obama Unveiled Future-Generation Crushing Budget
The ink is barely dry on Barack Obama’s new budget and the Republican response is already out.The GOP’s argument: Obama just saddled this and future generations with insane amounts of debt as far as they eye can see.
Bear in mind, this is partisan stuff, and many would argue that the argument is overstated, that the […]
CBO:U.S. already $292 billionn deficit this fiscal year (Just for October and November 2009)
WASHINGTON, Dec 4 (Reuters) - The U.S. government racked up a gaping shortfall in the first two months of this fiscal year after posting a record budget deficit last year, congressional analysts said on Friday.
In October and November, the government spent $292 billion more than it took in, the nonpartisan Congressional Budget Office said.
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