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scottw · 08-11-2009, 11:05 AM

yeah, why worry about what "might" happen? Obama has everything under control

Soaring deficit may defy forecasts

2008 -$459 billion

2009* -$1,841 billion

* Estimate
Source: White House

By Richard Wolf, USA TODAY
August 11, 2009

WASHINGTON — Stagnant unemployment, shrinking tax revenue and a struggling economy threaten to quadruple the size of last year's federal budget deficit, raising more questions about the timing of costly proposals to overhaul health care.
As the White House and Congressional Budget Office (CBO) prepare to release new deficit estimates this month, several economists say the news is likely to be as bad as or worse than forecasts.

"This is going to be a very depressing outlook," predicts former CBO director Douglas Holtz-Eakin.

08-11-2009, 11:05 AM	#16
scottw Registered User iTrader: (0) Join Date: Nov 2007 Posts: 12,632	yeah, why worry about what "might" happen? Obama has everything under control Soaring deficit may defy forecasts 2008 -$459 billion 2009* -$1,841 billion * Estimate Source: White House By Richard Wolf, USA TODAY August 11, 2009 WASHINGTON — Stagnant unemployment, shrinking tax revenue and a struggling economy threaten to quadruple the size of last year's federal budget deficit, raising more questions about the timing of costly proposals to overhaul health care. As the White House and Congressional Budget Office (CBO) prepare to release new deficit estimates this month, several economists say the news is likely to be as bad as or worse than forecasts. "This is going to be a very depressing outlook," predicts former CBO director Douglas Holtz-Eakin.