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To: All
BREAKING, BUT, SADLY, HARDLY UNEXPECTED... ...CBO SAYS THS POTUS UNDERESTIMATES THE DEFICIT OVER THE NEXT TEN YEARS BY ABOUT 12%

Will be $10T rather than the $8.8T that the POTUS estimates.

Worse -

THE FEDERAL DEFICIT WILL RISE FROM 40% OF ANNUAL GDP IN 2008 TO NEARLY 90% OF ANNUAL GDP IN 2020!

Also -

The National Debt has increased from $6.3T to $8.2T since the POTUS has been in office, about a 30% increase.

Not bad for one years' work.

CBO report: Debt will rise to 90% of GDP

290 posted on 03/26/2010 11:36:57 AM PDT by Chairman_December_19th_Society (1/20/2013 - End of an Error!)
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To: All
Well, lookie here...

...The POTUS has admitted the last mortgage foreclosure bailout has not quite worked as well as planned, so...

...We'll follow it with ANOTHER program run by the same folks!

White House to Announce Housing Aid

292 posted on 03/26/2010 11:56:04 AM PDT by Chairman_December_19th_Society (1/20/2013 - End of an Error!)
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