CBO Shows Obama's RECORD Deficits over Next Decade...

mal

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National debt to be higher than White House forecast, CBO says

By Lori Montgomery
Washington Post Staff Writer
Saturday, March 6, 2010


President Obama's proposed budget would add more than $9.7 trillion to the national debt over the next decade, congressional budget analysts said Friday. Proposed tax cuts for the middle class account for nearly a third of that shortfall.

The 10-year outlook released by the nonpartisan Congressional Budget Office is somewhat gloomier than White House projections, which found that Obama's budget request would produce deficits that would add about $8.5 trillion to the national debt by 2020.

The CBO and the White House are in relative agreement about the short-term budget picture, with both predicting a deficit of about $1.5 trillion this year -- a post-World War II record at 10.3 percent of the overall economy -- and $1.3 trillion in 2011. But the CBO is considerably less optimistic about future years, predicting that deficits would never fall below 4 percent of the economy under Obama's policies and would begin to grow rapidly after 2015.

washingtonpost.com

^I am Sure that's Dubya's Fault too...

:)

peace...
 
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Don't look at the additional $9.7 trillion of debt. Just think about $100 billion that healthcare suppose to save us.
 
Doesn't this CBO projection also include all of the previous budgetary costs from previous presidents?

Or is every bit of that projected defecit coming about because of Obama's 2010 budget?
 
How are they Obama's deficits for years he will not even be in office? We might just as well call them Bush's deficit due to the impact of his two wars and using tax cuts to pay for them
 
Doesn't this CBO projection also include all of the previous budgetary costs from previous presidents?

Or is every bit of that projected defecit coming about because of Obama's 2010 budget?


It's $1.2T worse than what Obama claimed it would be a very short time ago.

If he can't get this right, we should we trust his economic forecasts about ANYTHING?

He is one of the biggest economic illiterates in DC, and that is not a very high standard.
 
How are they Obama's deficits for years he will not even be in office? We might just as well call them Bush's deficit due to the impact of his two wars and using tax cuts to pay for them

some of the deficit will be Bushie's. but a greater portion of it will be the ossiah's.
 
How are they Obama's deficits for years he will not even be in office? We might just as well call them Bush's deficit due to the impact of his two wars and using tax cuts to pay for them

some of the deficit will be Bushie's. but a greater portion of it will be the ossiah's.

Got proof of that?

Bush- Tax cut, two wars, Medicade Part D

Obama- Economic Stimulus

Which added more long term debt?
 
How are they Obama's deficits for years he will not even be in office? We might just as well call them Bush's deficit due to the impact of his two wars and using tax cuts to pay for them

some of the deficit will be Bushie's. but a greater portion of it will be the ossiah's.

Got proof of that?

Bush- Tax cut, two wars, Medicade Part D

Obama- Economic Stimulus

Which added more long term debt?

FDR's Socialist Security (AKA the largest Ponzi scheme ever)
 
some of the deficit will be Bushie's. but a greater portion of it will be the ossiah's.

Got proof of that?

Bush- Tax cut, two wars, Medicade Part D

Obama- Economic Stimulus

Which added more long term debt?

FDR's Socialist Security (AKA the largest Ponzi scheme ever)

Strange that it did not add a whole lot to the debt till Reagan?

And if congress had not spent the SS surplus it would not have added a dime to the debt for at least another 20 years.

And if congress had properly managed medicare it would not have added any either. Just raise the premiums as the costs rise. Simple, but not sellable to the senior votes?
 
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President Obama's proposed budget would add more than $9.7 trillion to the national debt over the next decade, congressional budget analysts said Friday. Proposed tax cuts for the middle class account for nearly a third of that shortfall

I thought tax cuts were supposed to be.....GOOD
 

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