The Congressional Budget Office has projected that the deficit from 2010 to 2019 will be $9.3 trillion, 2.3 trillion higher than previously estimated by Pres. Obama's administration. What a big surprise, Obama underestimated his spending when he plans to increase the size government to the largest it has ever been in US history. This should have not been a shocking revelation to anyone. If you add up the costs of the bail out, continuing troop deployment, his universal health care plan, education reform, energy programs, blah de blah blah then it should be easy to understand why the deficit is going to be huge.
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Friday, March 20, 2009
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