Friday, March 26, 2010

CBO report: Debt will rise to 90% of GDP

I doubt that anyone (outside of the slobbering Democrats who adore this monster) could not avoid thinking that Obama is purposely destroying this country that he grew up hating so much...although, I suppose, that it could simply be a matter of monumental incompetence, aided and abbetted by his party cohorts (but everyone claims he soooo intelligent...)
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.
Read more if you can stomach it

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