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Revised CBO Analysis of 2011 Budget Projects Trillion Dollar Average Deficit Each of Next Ten Years
The Lid/CBO ^ | 3/23/10 | The Lid

Posted on 03/24/2010 7:32:56 PM PDT by Shellybenoit

The Congressional Budget Office has revised its scoring of the 2011 budget submitted by President Obama. This version is very similar to the one released earlier this month, with some minor adjustments.

This projection should serve as a warning that the United States faces real economic trouble. Based on their numbers the United States will be running an annual deficit of approximately $975 Billion Dollars/Year. This doesn't even include Obamacare which according to a new Republican projection will add another $64 Billion/year to the deficit.

To put that into perspective, during the heavy spending Bush years the highest deficit was $459 billion dollars. Once Barack Obama became President, and was able to get his hands on the second half of the 2009 budget, deficits started exceeding the trillion dollar level. Obama's budget above makes the trillion dollar figure seem common place.

CBO’s analysis indicates that if the President’s proposals were enacted:

(Excerpt) Read more at yidwithlid.blogspot.com ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS: 2011budget; cbo; federaldeficit; obama

1 posted on 03/24/2010 7:32:56 PM PDT by Shellybenoit
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To: Shellybenoit

It need not be.


2 posted on 03/24/2010 7:34:10 PM PDT by Cyber Ninja (Rebuke, Renounce, Repeal, Repeat,...)
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To: Shellybenoit

Socialists are putting us in a win-win for them.

If we allow them to destroy the country, they win.

If we don’t, the country is destroyed and they win, too.

Get your heads on straight from here on out. There is no ‘free time’ anymore. Be productive. Be creative. Be a good boy scout.


3 posted on 03/24/2010 7:40:21 PM PDT by Secret Agent Man (I'd like to tell you, but then I'd have to kill you.)
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To: OnTheDress

Obama does not care..spend, spend, spend is his mantra!


4 posted on 03/24/2010 7:41:00 PM PDT by Commander X (TOTUS...destroying the USA one lie at a time.)
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To: Shellybenoit

“This projection should serve as a warning that the United States faces real economic trouble.”

Ya Think?


5 posted on 03/24/2010 7:44:42 PM PDT by mowowie
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To: Shellybenoit
Yea We're DOOMED!

6 posted on 03/24/2010 7:48:11 PM PDT by GonzoGOP (There are millions of paranoid people in the world and they are all out to get me.)
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To: Shellybenoit

Start by repealing the rest of the stimulus.


7 posted on 03/24/2010 7:49:00 PM PDT by brianr10
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To: Shellybenoit

Start by repealing the rest of the stimulus.


8 posted on 03/24/2010 7:50:34 PM PDT by brianr10
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To: Commander X

Those idiots who want to use Bush as an example need to get their heads out of their butts and read this.


9 posted on 03/24/2010 7:53:12 PM PDT by Catsrus (Have)
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To: Shellybenoit

What I find most troubling is that the evidence has been plainly before our eyes since this socialist started his campaign that his goal was to bring the US to its knees to advance his mad march to marxism. 0bama never hid it, and he never shied away from it.
And STILL he managed to get elected, despite being ineligible, unprepared, incompetent and duplicitous.

It’s time to take back the country. The 21st century Jimmuh Cahtuh needs a boot back to Chi-town.


10 posted on 03/24/2010 8:01:29 PM PDT by PubliusMM (RKBA; a matter of fact, not opinion. 01-20-2013: Change we can look forward to.)
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To: Shellybenoit

This is appalling. But the electorate’s stupidity is even worse. Mr. Franklin was right to caution, “a republic, IF YOU CAN KEEP IT.”

The evidence is increasingly that we cannot.


11 posted on 03/24/2010 8:51:25 PM PDT by PaleoBob
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To: Shellybenoit

Game over


12 posted on 03/24/2010 8:57:30 PM PDT by Gapplega
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To: Perdogg; Kevmo; AdmSmith; Berosus; bigheadfred; Convert from ECUSA; dervish; Ernest_at_the_Beach; ..

Thanks Shellybenoit.


13 posted on 03/25/2010 8:57:17 PM PDT by SunkenCiv ("Fools learn from experience. I prefer to learn from the experience of others." -- Otto von Bismarck)
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To: Shellybenoit

Read recently that the congress just “deemed” the budget to have passed without actually having to vote on it. This allows them to start spending on the 2011 budget without anyone knowing what’s in it and what the numbers are.
The dim party has made it clear that they have no respect for the constitution or this countrys taxpayers.
November 2 might be our next revolution day.


14 posted on 07/02/2010 5:32:50 AM PDT by Texas resident (Outlaw fisherman)
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