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Hey, Big Spender!

Posted by Pejman Yousefzadeh on Sat Mar 21, 2009 at 01:38:53 PM EST

Read it and weep:

President Barack Obama's budget would produce $9.3 trillion in deficits over the next decade, more than four times the deficits of Republican George W. Bush's presidency, congressional auditors said Friday.

The new Congressional Budget Office figures offered a far more dire outlook for Obama's budget than the new administration predicted just last month - a deficit $2.3 trillion worse. It's a prospect even the president's own budget director called unsustainable.

In his White House run, Obama assailed the economic policies of his predecessor, but the eye-popping deficit numbers threaten to swamp his ambitious agenda of overhauling health care, exploring new energy sources and enacting scores of domestic programs.

The dismal deficit figures, if they prove to be accurate, inevitably raise the prospect that Obama and his Democratic allies controlling Congress would have to consider raising taxes after the recession ends or else pare back his agenda.

Just in time, perhaps, for a double-dip back into recessionary territory. Of course, there is no indication whatsoever that the Obama Administration is willing to "pare back" its agenda. But then, that should surprise no one; Democrats appear to be quite fond of increasing taxes, after all.

< Hating Money | "Transparency? What's That?" >
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RE: (none / 0) (#1)
by MBollinger on Sat Mar 13, 2010 at 04:59:56 AM EST
The dismal deficit figures, if they prove to be accurate, inevitably raise the prospect that Obama and his Democratic allies controlling Congress....insurance management degree | safety management degree | environmental management degree


h43 (none / 0) (#15)
by tingjust on Thu Jul 15, 2010 at 05:19:12 AM EST
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[ Parent ]
yes (none / 0) (#18)
by bushfrederick on Mon Jul 19, 2010 at 07:46:31 AM EST
RE: (none / 0) (#2)
by MBollinger on Sat Mar 13, 2010 at 05:01:13 AM EST
The positive comments and do well wishes are very motivational and greatly appreciated.life experience political science degree | life experience psychology degree


Sad (none / 0) (#3)
by Margie on Fri May 07, 2010 at 08:59:48 PM EST

Why can the most intelligent minds in the world balance the US budget.

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Unacceptable (none / 0) (#4)
by Shayne on Fri May 14, 2010 at 09:09:37 PM EST
It's completely unacceptable what the administration today is doing to our economy.  The dismal economy is looking poorer and poorer everyday.  Our whole country will go bankrupt if someone with some sense does not turn in around.  As it is, people are not buying my cheap auto insurance and that's a shame!


Thanks (none / 0) (#5)
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I don't really know about politics, but thanks for sharing :)

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evening dresses (none / 0) (#6)
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got it (none / 0) (#8)
by Richardq on Wed May 26, 2010 at 09:00:21 AM EST

I wanted to thank you for this great read!! I definitely enjoying every little bit of it I have you bookmarked to check out new stuff you post. thank you for sharing with us.

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congrats! (none / 0) (#16)
by echealth on Fri Jul 16, 2010 at 11:32:01 PM EST
Big spending gov (none / 0) (#9)
by elena20 on Fri May 28, 2010 at 04:47:30 PM EST

Over spending is a huge problem in the U.S.! We need to get a hold of this and really try to bring the deficit down. We have to do this for our kids not ourselves.

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Spending on credit (none / 0) (#10)
by Katie007 on Thu Jun 10, 2010 at 03:22:24 AM EST

I think the problem is that he is spending money he doesnt have. We have to really work hard to get out of debt and get our country back in check. I love America but we have a long way to go.

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thanks (none / 0) (#11)
by healthelectron on Sat Jun 12, 2010 at 06:00:50 AM EST

t Office figures offered a far more dire outlook for Obama's budget than the new administration predicted just last month - a deficit $2.3 trillion worse. It's a prospect even the president's own budget director called unsustainable. In his White House run, Obama assailed the economic policies of his predecessor, but the eye-popping deficit numbers threaten to swamp his ambitious agenda of overhauling health care, exploring new energy sources and enacting scores of domestic programs. The dismal deficit figures, if they prove to be accurate, inevitably raise the prospect that Obama and his Democratic allies controlling Congress would have to consider raising taxes after the recession ends or else pare back his agenda.

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by dillon50 on Fri Jun 18, 2010 at 03:59:47 AM EST
Interesting Site (none / 0) (#13)
by ngoldberg on Tue Jun 22, 2010 at 01:32:05 AM EST

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Question from the UK (none / 0) (#14)
by ngoldberg on Tue Jun 22, 2010 at 01:36:08 AM EST

Hi to my american cousins, is the economy really so bad there in the US? Here in the UK it's not so bad yet. 

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by kitty on Mon Jul 19, 2010 at 04:21:29 AM EST
thanks (none / 0) (#19)
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RE: Obama's budget than the new (none / 0) (#20)
by clarklouis on Sun Jul 25, 2010 at 06:42:05 AM EST
more dire outlook for Obama's budget than the new administration predicted
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Improving (none / 0) (#21)
by shaun024 on Tue Jul 27, 2010 at 07:55:04 AM EST

I think the economy is getting better in US.It was really bad in past few years but it has improved now.

Thanks

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