Non-partisan CBO projects $1.85 TRILLION Deficit in 2009
The problem with Obamanomics: $1.85 TRILLION* deficit in 2009
The Congressional Budget Office (“CBO“) projected an even larger 2009 budget deficit than initially anticipated by the Obama Administration. (Presidential Budget) The CBO provides Congress with:
- Objective, nonpartisan, and timely analyses to aid in economic and budgetary decisions on the wide array of programs covered by the federal budget and
- The information and estimates required for the Congressional budget process.
According to the CBO’s most recent analysis, Chairman MAObama’s budget will reach a 1.85 trillion dollar shortfall this year. The CBO additionally reported that between 2010 and 2019, the government’s deficits will total 9.27 trillion dollars, roughly 2.3 trillion more than the Obama administration reported.
With Turbo Tax Tim Geithner at the helm, one can only anticipate more miscalculations by this inept administration.
Recent Comments