9 trillion $$$$$$$$$$
WASHINGTON (Reuters) - 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.
The higher deficit figure, based on updated economic data, brings the White House budget office into line with outside estimates and gives further fuel to President Barack Obama's opponents, who say his spending plans are too expensive in light of budget shortfalls.
The White House took heat for sticking with its $7.108 trillion forecast earlier this year after the Congressional Budget Office forecast that deficits between 2010 and 2019 would total $9.1 trillion. Was it me or did Barry just high tail it out of town after he drops this bomb?
Answer by matobe at 10:36 AM on Aug. 22, 2009
Answer by tnmomofive at 10:38 AM on Aug. 22, 2009
Answer by Cavalrybaby02 at 10:39 AM on Aug. 22, 2009
Answer by Anonymous at 10:40 AM on Aug. 22, 2009
Answer by tnmomofive at 10:42 AM on Aug. 22, 2009
Answer by christaberk at 10:42 AM on Aug. 22, 2009
Answer by tnmomofive at 10:44 AM on Aug. 22, 2009
Answer by itsmesteph11 at 10:45 AM on Aug. 22, 2009
Answer by Carpy at 10:52 AM on Aug. 22, 2009
Hey, Martha's Vineyard is caaaaaaaaaaaaaaaaaalling... Who cares if the country is in a deep recession. I am sure him and Michelle are enjoing their "let them eat cake"-vacay
Answer by grlygrlz2 at 10:53 AM on Aug. 22, 2009