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.
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