Posted on 03/05/2010 1:58:17 PM PST by Justaham
President Barack Obama's budget will lead to deficits averaging nearly $1 trillion over the next decade, the CBO estimated Friday.
The Congressional Budget Office (CBO) said President Barack Obama's budget would lead to annual deficits averaging nearly $1 trillion for the next decade.
The estimates are for larger deficits than the budget shortfalls expected by the White House.
Annual deficits under Obama’s budget plan would be about $976 billion from 2011 through 2020, according to a CBO analysis of Obama's plan released Friday.
(Excerpt) Read more at thehill.com ...
Now, take the last image and multiply it by TEN.
It makes me physically ill if I think about it too long.
Greece will look prudent in comparison.
This could be the end game.
Do you think this country is going to last 10 years like this?
5?
I doubt it.
Unexpectedly....
Its going to make the Depression look like a bad day.
The policies he has pursued will cause a never-ending depression, just like FDR. FDR’s death is what allowed those policies to be changed that helped the economy.
We should follow the Coolidge example of 1920.
Nope
Well said. For once you and I agree.
Slash taxes, slash spending.
According to my calculations, that is about $3000 per year for every man, woman and child.
Cloward-Priven.....Destroy America $$$$
Oops...guess the WH wasn’t able to bribe anyone over at CBO this week...
I think the FedGov is about 90% too big.
Notice that this made it out to the press after market close on a Friday.
That's twice in a single day, sir. I don't think my heart can take anymore.
Best,
L
The idiot 53% are getting what they voted for. I do not blame Hussein no much. Anyone who wanted to take the time could find out who and what he is if they wanted. I blame that 53% that put him in power along with large majorities of socialist rats.
0bama cannot be that stupid to think the country can sustain this. Which leaves as the only logical alternative that this drive to fiscal bankruptcy is deliberate. And that’s the conclusion I came to long ago.
This cannot be an accident.
I think they know very well what they are doing.
They want to destroy this country and have it become a 3rd world tyranny.
Ginning up a drumbeat for a Value Added Tax by this prediction.
It’s obviously impossible to reduce any government service or return government salaries and benefits to match those in the private sector so the only thing left is to squeeze more out of the taxpayers.
Where is John Galt?
Jack
It’s strange how the supposed richest country in the world has to borrow a trillion a year from the poorer countries.
Country goes down before adding another 10 trillion in debt. Won’t make it another 10 years.
Of course that IS the plan Barack is implementing. Have to destroy the final superpower any way possible. That way we can have a new world order come about. He’s destroying us all different ways. If he gets healthcare he’ll destroy the elderly and anyone not worth saving (financially) and tell us all it’s a good thing,
just like Reid saying today that losing ONLY 36,000 jobs in Februrary was really good.
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