Friday, March 20, 2009

Congressional Budget Office Project Higher Deficits For Obama'a Budget

The Congressional Budget Office released new projections saying that the deficit Obama had calculated about a month ago was significantly less then it should have been. They are projecting a $9.3 trillion in deficits over the next ten years. That is $2.3 trillion more than Obama had said. The deficit will not drop below 4% of the GPD, a number thought to be unsustainable if not out right dangerous.

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