Posted on 03/30/2010 4:18:58 AM PDT by tobyhill
About two weeks ago the Obama Administration was blushing as it boasted about the "favorable" numbers its administration received from the Congressional Budget Office (CBO). The fact that the CBO is appointed by members of the President's own party (the majority in Congress are Democrats) made some skeptical. However, the experts outside of the CBO and the White House looked at the numbers and said, "wait a minute!" The numbers are scary and the budget is pointing at a direction that will make the US appear to be little more than a typical debtor nation. This is not something "down the road," but just a few years away.
Now, the Congressional Budget Office itself is releasing new numbers that make it appear it has had its own rude awakening. The Hill is reporting "The federal government would record total deficits of 9.8 trillion between 2011 and 2020 under President Obama's fiscal 2011 budget, according to an analysis released Wednesday by the Congressional Budget Office. The deficit would be $1.5 trillion in 2010 and and would decline to 8.9 percent of gross domestic product or $1.3 trillion in 2011, $346 billion more than the deficit that CBO projects in its March 5 baseline, based on current policies and laws not changing." Ironically, the Administration made the case for health care reform on the March 5th numbers. The "mistake" could not have been at a better time for Obama, Speaker Pelosi and Sen. Reid, and I'm sure the corrections will be used to make the case for more tax increases. "Isn't that convenient."
(Excerpt) Read more at examiner.com ...
.....the MSM will not do it’s job. It has become corrupt with socialist bent on destroying this country.
And a majority of the stupid who love stupid will still vote for him. Stupid is as stupid does and the dems and rinos are way beyond stupid.
If these behaviors are not “high crimes and misdemeanors” then why did we put Madoff in jail?
Precisely. Obama, Pelosi, and Reid need to be frog-marched to jail, chains and all.
Yes, I’m serious.
The CBO, the FBI, the CIA, the IRS, all a part of the takeover of our government by Obamanista’s
..that was under Bush, so the MSM did it's job, now under Odumbo, they turn the blind eye
” The CBO, the FBI, the CIA, the IRS, all a part of the takeover of our government by Obamanista’s “
CBS, ABC, NBC, NPR, NYT, CNN,...
This just kills me. As if $999,999,999,999.99 is chump change, and a Trillion is serious money. Keep it under a trillion and the “stupid people” (voters) won’t get upset.
As if we don’t know that $2.99 a gallon of gas is 3 bucks a gallon.
So, CBO is sayin’ OOPS! Well kick the can, and say SHUCKY DARN!
Gosh everybody screws up once in awhile.
Hang ‘em all.
Gosh everybody screws up once in awhile.
Hang ‘em all.
But, But, But, aren't these buffoons at CBO advertised as the best and brightest. How could this happen?
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