Saturday, March 27, 2010

CBO report: Debt will rise to 90% of GDP

Thanks Obama.

Obama, Pelsoi, Reid and the Democrats who run Congress won't be happy till it's 100%.

President Obama's fiscal 2011 budget will generate nearly $10 trillion in cumulative budget deficits over the next 10 years, $1.2 trillion more than the administration projected, and raise the federal debt to 90 percent of the nation's economic output by 2020, the Congressional Budget Office reported Thursday.

Remember, this is the much vaunted non-partisan CBO the Democrats quote so much.

No comments:

Brain Bliss