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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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