As reported by The Washington Post, “President Obama’s proposed budget would add more than $9.7 trillion to the national debt over the next decade, congressional budget analysts said Friday.”CNN adds, “Of that amount, an estimated $5.6 trillion will be in interest alone.”The Post continues: “The CBO (Congressional Budget Office) and the White House (are) … both predicting a deficit of about $1.5 trillion this year — a post-World War II record at 10.3 percent of the overall economy. But the CBO is considerably less optimistic about future years, predicting…
from: http://www.realclearpolitics.com/articles/2010/03/09/why_democrats_dont_care_about_97_trillion_debt_104691.html
Related posts:
- CBO: Obama understates deficit by $2.3 trillion
A new assessment of President Barack Obama’s budget released Friday says the White House underestimates... - Debt for Our Kids: $211 Trillion
The Congressional Budget Office just released its annual long-term fiscal forecast. It shows, after some simple calculations, that... - Obama unveils $3.73 trillion budget for 2012
President Barack Obama is sending Congress a $3.73 trillion spending blueprint that pledges $1.1 trillion... - Conrad prepares budget with $4 trillion in cuts
The top Democrat in the Senate on budget matters said Tuesday that he’s preparing a... - House passes $6 trillion spending cut plan
The House on Friday passed a Republican budget blueprint that proposes to overhaul Medicare and...
