Yes, We Can…
Posted by Ryne McClaren on March 7, 2010
WASHINGTON – A new congressional report released Friday says the United States’ long-term fiscal woes are even worse than predicted by President Barack Obama’s grim budget submission last month.
The nonpartisan Congressional Budget Office predicts that Obama’s budget plans would generate deficits over the upcoming decade that would total $9.8 trillion. That’s $1.2 trillion more than predicted by the administration.
The agency says its future-year predictions of tax revenues are more pessimistic than the administration’s. That’s because CBO projects slightly slower economic growth than the White House.
Prediction: someday soon the CBO will be outlawed by Presidential edict. Those guys are always getting in the way of our future Greek way of living.
The article drones on for a bit before mentioning that a 18-member panel is being formed (what, no czar?) to come up with ways that reduce the deficit. So sit back and relax, working class.
This entry was posted on March 7, 2010 at 6:21 pm and is filed under crazy leftists, Obama, socialism, taxes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.