So much for BO’s budget, CBO say annual deficits will be much worse than Obama thinks

And much worse than the liberal media wants you to take, or uh uh uh uhuh Robert Gibbs, or Bin Biden.

Remember how all the liberal/democrat whiners ranted and cried about how out of control Boooosh’s spending was, that he spent like a drunken sailor, etc. Last year’s deficit of $459 billion was the largest in the history over the country. Pretty bad huh? How about Hussein Obama’s ‘budget’ of averaging nearly $1 TRILLION per year:

In a new report that provides the first independent analysis of President Obama’s budget request, the nonpartisan Congressional Budget Office predicted that the administration’s agenda would generate deficits averaging nearly $1 trillion a year over the next decade — $2.3 trillion more than the president predicted when he unveiled his spending plan just one month ago.

And while Obama would come close to meeting his goal of cutting the deficit in half by the end of his first term, the CBO predicts that the nation’s annual operating deficit would never drop below 4 percent of the overall economy over the next decade, a level administration officials have said is unsustainable because the national debt would grow too rapidly.

By the CBO’s estimate, for example, the nation’s debt would grow to 82 percent of the overall economy by 2019 under Obama’s policies, compared with a pre-recession average of 40 percent…

Senate Budget Committee Chairman Kent Conrad (N-N.D.) has said the gloomier CBO forecast would require “adjustments” to Obama’s budget, though he declined to specify what changes would be necessary.


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March 21, 2009 · Filed Under Barack HUSSEIN Obama

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