CBO 1.48 TRILLION deficit... 2011

Discussion in 'Politics' started by Lumpy 1, Jan 26, 2011.

  1. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    Democrats embrace it as a good sign of a healthy recovery.....:eusa_doh:

    Everyone else.. not so much...:eusa_eh:

    ---------------:doubt:

    The federal government is headed for the largest deficit in history, the Congressional Budget Office said Wednesday morning in offering a sobering check on the country’s finances the day after President Obama‘s address to Congress.

    CBO said the deficit for fiscal year 2011 will reach $1.48 trillion, topping 2009’s record $1.416 trillion. The deficit is then projected to drop in 2012 and beyond, though only if Congress follows through on major spending cuts, which it has been unwilling to make in the past.

    CBO says budget deficit will reach $1.48 trillion - Washington Times
     
  2. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    Oops.. didn't notice the other thread.. sorry about that
     
  3. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    It's all investment, no worries.
     
  4. LordBrownTrout
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    LordBrownTrout Gold Member

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    Yep, no worries, we're just investing in more spending or spending to invest in our spending.... or something of that nature. Regardless, the treasury has been sacked, raped, and pillaged over the last 10 years behind two dunces and here we are now....whores without a cause.
     

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