--believe he may have us there in just 1st 60 days-- and not even got to the good stuff yet:nooo:
By ANDREW TAYLOR, Associated Press Writer Andrew Taylor, Associated Press Writer ? <ABBR class=recenttimedate title=2009-03-20T15:27:44-0700>13 mins ago
WASHINGTON ? President Barack Obama's budget would produce $9.3 trillion in deficits over the next decade, more than four times the deficits of Republican George W. Bush's presidency, congressional auditors said Friday.
The new Congressional Budget Office figures offered a far more dire outlook for Obama's budget than the new administration predicted just last month ? a deficit $2.3 trillion worse. It's a prospect even the president's own budget director called unsustainable.
In his White House run, Obama assailed the economic policies of his predecessor, but the eye-popping deficit numbers threaten to swamp his ambitious agenda of overhauling health care, exploring new energy sources and enacting scores of domestic programs.
The dismal deficit figures, if they prove to be accurate, inevitably raise the prospect that Obama and his Democratic allies controlling Congress would have to consider raising taxes after the recession ends or else pare back his agenda.
By CBO's calculation, Obama's budget would generate deficits averaging almost $1 trillion a year of red ink over 2010-2019.
Worst of all, CBO says the deficit under Obama's policies would never go below 4 percent of the size of the economy, figures that economists agree are unsustainable. By the end of the decade, the deficit would exceed 5 percent of gross domestic product, a dangerously high level.
+++++++++++++++++++++++++++
O's reply
"I won" I'm gumby damit"--and you got 3 years and 9 months left to understand that you tax payors will have to suck it up and make sacrifices for my socialistic agendas/base. :moon:
By ANDREW TAYLOR, Associated Press Writer Andrew Taylor, Associated Press Writer ? <ABBR class=recenttimedate title=2009-03-20T15:27:44-0700>13 mins ago
WASHINGTON ? President Barack Obama's budget would produce $9.3 trillion in deficits over the next decade, more than four times the deficits of Republican George W. Bush's presidency, congressional auditors said Friday.
The new Congressional Budget Office figures offered a far more dire outlook for Obama's budget than the new administration predicted just last month ? a deficit $2.3 trillion worse. It's a prospect even the president's own budget director called unsustainable.
In his White House run, Obama assailed the economic policies of his predecessor, but the eye-popping deficit numbers threaten to swamp his ambitious agenda of overhauling health care, exploring new energy sources and enacting scores of domestic programs.
The dismal deficit figures, if they prove to be accurate, inevitably raise the prospect that Obama and his Democratic allies controlling Congress would have to consider raising taxes after the recession ends or else pare back his agenda.
By CBO's calculation, Obama's budget would generate deficits averaging almost $1 trillion a year of red ink over 2010-2019.
Worst of all, CBO says the deficit under Obama's policies would never go below 4 percent of the size of the economy, figures that economists agree are unsustainable. By the end of the decade, the deficit would exceed 5 percent of gross domestic product, a dangerously high level.
+++++++++++++++++++++++++++
O's reply
"I won" I'm gumby damit"--and you got 3 years and 9 months left to understand that you tax payors will have to suck it up and make sacrifices for my socialistic agendas/base. :moon:
