Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

Friday afternoon news dump?

Being that the weekend is here and there are happy hours and end of the summer BBQ's being planned, who is likely to be paying attention to this little news gem?!

***

http://www.reuters.com/article/newsOne/idUSTRE57K4XE20090821

"The Obama administration will raise its 10-year budget deficit projection to approximately $9 trillion from $7.108 trillion in a report next week, a senior administration official told Reuters on Friday."

"Our budget projections are now in line with the spring and summer projections that the Congressional Budget Office put out."

"Many economists think it is unlikely the government can curtail spending, which means taxes would have to go up to cover the rising costs of providing retirement and healthcare benefits to aging Americans."

***

Now, I'm just wondering when the Obama Administration will accept the TRUE unemployment numbers and finally OWN this presidency?! LOL

 
LoriKeet

Asked by LoriKeet at 7:06 PM on Aug. 21, 2009 in Politics & Current Events

Level 45 (194,908 Credits)
This question is closed.
Answers (14)
  • Here is what Obama said earlier about the deficit:


    Obama proposes to dramatically reduce those numbers, said White House budget director Peter Orszag: "We will cut the deficit in half by the end of the president's first term." The plan would keep the deficit hovering near $1 trillion in 2010 and 2011, but shows it dropping to $533 billion by 2013, he said -- still high but a more manageable 3 percent of the economy.


    To get there, Obama proposes to cut spending and raise taxes. (see article)


    www.washingtonpost.com:.webloc

    mancosmomma

    Answer by mancosmomma at 9:21 PM on Aug. 21, 2009

  • Now, I'm just wondering when the Obama Administration will accept the TRUE unemployment numbers and finally OWN this presidency?!


    Not likely, why do that when you can live in la-la land?

    MemawBrie

    Answer by MemawBrie at 7:11 PM on Aug. 21, 2009

  • Sad isn't it. But he must destroy the dollar to succeed with his socialist plans.
    Carpy

    Answer by Carpy at 7:15 PM on Aug. 21, 2009

  • Gah can we kick him out of office yet? I am so sick of seeing him slowly but surely destroy this Nation! This is a slap in the face to all Americans it is just too bad the Obamabots wont take off their rose colored stunner shades.
    Anonymous

    Answer by Anonymous at 7:22 PM on Aug. 21, 2009

  • Obamabots, I haven't heard that one before. LOL

    TBandNCmommy

    Answer by TBandNCmommy at 7:50 PM on Aug. 21, 2009

  • Nancy, to Obama~" What's a measly 2.1 trillion dollars?..... We will have our agenda passed and there is nothing they can do about it!"

    grlygrlz2

    Answer by grlygrlz2 at 7:56 PM on Aug. 21, 2009

  • He'll accept the true numbers when YOUR PARTY ACCEPTS RESPONSIBLITY FOR THE NUMBERS!!!!!!!! BUSH ADMNISTRATION IS RESPONSIBLE FOR THE SHIT HITTING THE FAN!!
    Anonymous

    Answer by Anonymous at 8:05 PM on Aug. 21, 2009

  • OMG it's the HUGE print again...aaaaahhhhhhhhhhhhhhhhhh
    momof030404

    Answer by momof030404 at 8:14 PM on Aug. 21, 2009

  • ANON 8:05PM

    The truth kinda hurts doesn't it?!?! LOL


    LoriKeet

    Answer by LoriKeet at 8:25 PM on Aug. 21, 2009

  • "Many economists think it is unlikely the government can curtail spending, which means taxes would have to go up to cover the rising costs of providing retirement and healthcare benefits to aging Americans."

    And Obama proposes cuts to Medicare to help finance HCR. WHILE we have an aging population. AND increase costs with that aging population...... *sigh*
    mancosmomma

    Answer by mancosmomma at 9:05 PM on Aug. 21, 2009