Friday, March 20, 2009

U.S. Budget Deficit Forecast to Hit $1.8 Trillion This Year - First 100 Days of Presidency - Politics FOXNews.com

 

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 White House predicted in its budget.

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.

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U.S. Budget Deficit Forecast to Hit $1.8 Trillion This Year - First 100 Days of Presidency - Politics FOXNews.com

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