(OT) : Congressional Budget Office - ObamaNomics© Will Have The USA Bankrupt Within A Decade
On Mar 20, 1:12*pm, "MNMikeW" wrote:
"dxAce" wrote in message
...
Michael W. Bryant, the dufus who once claimed to have a PhD, wrote:
Obama laid his economic recovery plans last Tuesday and the market has
gone up every day since then.
Oooops... another down day!
Perhaps the word of Obamas economic policys causing a $1 Trillion deficits
for a decade got out?
- Despite new estimates that say President Barack Obama's budget would
- generate unsustainable large deficits averaging almost $1 trillion a
year,
- the White House insisted Friday that the flood of red ink won't
swamp its
- costly agenda.
-
- The Congressional Budget Office figures released Friday predict
Obama's
- budget will produce $9.3 trillion worth of red ink over 2010-2019.
That's
- $2.3 trillion worse than the administration predicted in its budget
just
- last month.
-
- 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.
(OT) : Congressional Budget Office - ObamaNomics©
Will Have The USA Bankrupt Within A Decade
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