Last week, the Congressional Budget Office (CBO) issued its long-term projections regarding President Obama's new budget proposal this year. Those projections show even higher Federal spending, deficits, and debt than Obama's budget confessed to just last month. The CBO projects that President Obama's deficits would be $1.2 trillion higher over the next 10 years than estimated in Obama's budget released on February 1. Federal deficits over those 10 years would be almost $10 trillion ($9.761). National debt held by the public would double in just 4 years, from $5.8 trillion at the end of 2008 to $11.6 trillion at the...