Let the printing press roll.
Posted on 08/21/2009 2:31:06 PM PDT by khnyny
WASHINGTON (Reuters) - The Obama administration will raise its 10-year budget deficit projection to roughly $9 trillion from $7.108 trillion in a report next week, a senior administration official told Reuters on Friday.
"The new forecasts are based on new data that reflect how severe the economic downturn was in the late fall of last year and the winter of this year," said the official, who is familiar with the plans.
"Our budget projections are now in line with the spring and summer projections that the Congressional Budget Office put out."
The CBO said in June that deficits between 2010 and 2019 would total $9.1 trillion. The official said the 2010-2019 cumulative deficit projection replaces the administration's previous estimate of $7.108 trillion.
(Excerpt) Read more at reuters.com ...
Dump is right...this turd is going to flush our way of life in one term...
Ping.
Destroying the credit of the United States Government is treason.
No one said it yet...
Bush’s fault!
Remember a few years back when the Democrats were screaming about Bush and the Republicans deficit, and made campaign ads saying they would get all this under control, and the sheeple voted them in 2006, then again in 2008.
People who still have faith in these dweebs, should have rubber padded walls placed in their homes.
Is anyone else numb? Our country GONE in 8 months.
budget deficit projection to roughly $9 trillion from $7.108 trillionThe Sock Puppet et al realize that FDR was actually *trying* to right the economy; the idea in the current administration is to wreck the parts of the economy over which it isn't going to take outright control in order to make sure there will never *be* a recovery.
“In the real world he’s shutting America down, while Obama takes his bonus pay and jets off out of town.”
Actually, they kinda did - the “spokesperson” blamed the new numbers on what transpired last fall and winter - lol.
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And what do they blame it on next fall and winter. The socialists liars.
Hey, unnamed source, far as I know, we ain't had winter this year. Unless maybe you're talking about the fiscal year. In which case you should say so. So you don't sound like a retarded asswipe.
Your BS is wearing pretty thin Bambo. The failed Obama administration continues its failed policies... Jiabao and Putin smile.
Is anyone else numb? Our country GONE in 8 months.
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I’m glad you clearly CARE! Let’s not give up fighting! Soldier on!
Go Tea Partiers!!
I agree with that! Not 4 years. Max 2 years and we are DEAD!!! plus having a muslim president - well, may be we will not have a attack again but we are loosing ALL our values for the east - they are winning big time using our own laws and we don’t budge!
So our dear America is already far gone and I unfortunately don’t believe the heroes in the townhall meetings are gonna change anything. The guy is a fascist muslim marxist. Put all that together and you have the perfect concoction for the true end of America!
Period.
He will pass anything he wants since he has the majority - he will protect shariah law because...he can
And voila.
I am crying right now.
Are they printing dollar bills on toilet paper rolls yet?
...And the DemoPerv Fascist Wussies, go to the mattresses to hide from the American People!
bttt
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