Obama Budget Under estimates Budget Deficit
Posted: Fri Mar 18, 2011 6:46 pm
Surprise...surprise...surprise...
The Congressional Budget Office says the administration only missed the mark by $2.3 Trillion... Chump Change...
The Congressional Budget Office says the administration only missed the mark by $2.3 Trillion... Chump Change...
http://www.latimes.com/news/nationworld ... 9964.story" onclick="window.open(this.href);return false;Friday's report from the nonpartisan Congressional Budget Office amplified the worries. It said Obama's proposed 2012 budget would result in $9.5 trillion in deficits over the next decade — $2.3 trillion more than the administration projected.
The White House budget director, Jacob Lew, said the report relied on different economic assumptions and failed to credit the administration for its anticipated reductions in transportation and health costs. The Obama budget projected deficits would total $7.2 trillion over the decade.
Guess which one he spent more time on? 
Your post pleases me AZ 