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  • CBO: Obama’s budget doesn’t reach primary balance

    03/20/2011 3:46:45 AM PDT · by Scanian · 7 replies
    The Washington Times ^ | March 18, 2011 | Stephen Dinan
    Congress‘ chief scorekeeper says President Obama’s budget never achieves primary balance, the key measure the White House said would show the country is living within its means. In a preliminary analysis the budget Mr. Obama sent to Capitol Hill last month, the Congressional Budget Office says deficits will total $9.5 trillion over the next decade and never once will it be in balance — even when subtracting interest costs. The closest the government will come to balance is in 2018, when the deficit will be $902 billion and net interest costs are projected to be $725 billion — still leaving...