Friday, March 20, 2009

Who wants a blank check? Deficit estimate: Up to $1.85 trillion....

The enormous leap in the annual deficit -- it was $459 billion in 2008....

"According to CBO, the president's budget would double publicly held debt in five years and nearly triple it in ten years," Gregg said. "I strongly urge the Democratic majority to show the fiscal restraint needed to control spending, maintain a fair tax policy and cut the deficit, so that we can head off the avalanche of debt that is poised to crush the economy."
Article Here

A Recession is when your neighbor losses his job.... A Depression is when you lose your job..... A Recovery is when Obama loses his job... -BB

No comments: