$1 trillion dollars at a time.

If this doesn’t get your attention, nothing will.

President Barack Obama’s budget will lead to deficits averaging nearly $1 trillion over the next decade, the CBO estimated Friday.

The Congressional Budget Office (CBO) said President Barack Obama’s budget would lead to annual deficits averaging nearly $1 trillion for the next decade.

The estimates are for larger deficits than the budget shortfalls expected by the White House.

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Comments
  1. cheffer57's avatar cheffer57 says:

    In nominal dollars the public debt rose and then fell between 1992 and 2000 from $3T in 1992 to $3.4T in 2000, a difference of only $300B… (not a bad number considering the years before and what was to follow immediately after).. Who was president between those years?… JUST ONE… Clinton…

    During the administration of President George W. Bush, Jr, the gross debt increased from $5.6 trillion in January 2001 to $10.7 trillion by December 2008, rising from 58% of GDP to 70.2% of GDP. During March 2009, the Congressional Budget Office estimated that gross debt will rise from 70.2% of GDP in 2008…

    Obama was given a pot of **** and told to keep stirring it… You can’t argue “boo dems” if all you’ve got to stand on is your whack theory of our national deficit and who caused it… And why… Seems pretty clear that every time the deficit went up exponentially it was due to a war… Remind me, was Obama handed the presidency with us in war or not in war?… we were IN war… just like we were already in a deficit…
    When G.W. was President he started a WHOLE NEW BUDGET for that little war were in, never before in the history of this country has a President started a “wartime budget” . Kind of reminds me of Mr. Regains “Arms for hostage deal” another first for America

    Listen i argee with you that were going down crapper road, but BOTH sides are at fault. Obama doesn’t have to be ousted… The practice of money managing by our entire governmental system has to be over-hauled… Obama is just a pawn in this game… He’s the new elected leader that we’ll all s-h-i-t on b/c we feel compelled to blame someone

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