Friday, March 05, 2010

CBO: The deficit will "snowball"

According to the Congressional Budget Office, the federal deficit will be 75 billion dollars higher for the next fiscal year than the Obama administration projected.

But wait, it gets worse!

The Congressional Budget Office also said that the deficit will be 1.2 trillion (yes trillion with a "t") higher than the Obama administration projected for 2011-2020. The CBO said the deficit would jump to a whopping 9.7 trillion dollars over that time period (AFP).

Is this the kind of hope and change you were hoping for?

1 comment:

Kevin said...

One and done. One and done! One and done!! I hope for that change.