Lumpy 1
Diamond Member
- Jun 19, 2009
- 42,976
- 17,419
- 2,330
Democrats embrace it as a good sign of a healthy recovery.....
Everyone else.. not so much...
---------------
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
Everyone else.. not so much...
---------------
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