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?!
"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
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)
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?
Answer by MemawBrie at 7:11 PM on Aug. 21, 2009
Answer by Carpy at 7:15 PM on Aug. 21, 2009
Answer by Anonymous at 7:22 PM on Aug. 21, 2009
Obamabots, I haven't heard that one before. LOL
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!"
Answer by grlygrlz2 at 7:56 PM on Aug. 21, 2009
Answer by Anonymous at 8:05 PM on Aug. 21, 2009
Answer by momof030404 at 8:14 PM on Aug. 21, 2009
Answer by LoriKeet at 8:25 PM on Aug. 21, 2009
Answer by mancosmomma at 9:05 PM on Aug. 21, 2009