The Obamanation

[TheMercenary]

CBO: $10 trillion jump in debt under Obama budget

NEW YORK (CNNMoney.com) -- If President Obama's 2011 budget were put into effect as proposed, the U.S. federal government would add an estimated $9.8 trillion to the country's accrued debt over the next decade, according to a preliminary analysis from the Congressional Budget Office.

Of that amount, an estimated $5.6 trillion will be in interest alone.

http://money.cnn.com/2010/03/05/news...dex.htm?hpt=T2

Originally Posted by TheMercenary

CBO: $10 trillion jump in debt under Obama budget

http://money.cnn.com/2010/03/05/news...dex.htm?hpt=T2

When you like what the CBO reports, you cite it....when you dont, you call it partisan propaganda and a tool of the White House.



You cant have it both ways, dude.

I agree the projected debt is not sustainable...but short term deficits in times of deep recession have proven successful in the past.....unless you have a better way to turn the economy around more quickly.

I would certainly hope the 01 and 03 tax cuts for the top bracket are left to expire at the end of this year, as proposed in the original laws.....saving at least $1 trillion over the next 10 years.