The nonpartisan Congressional Budget Office said Friday that based on the Obama administration's budget proposal, deficits over the next decade would be $1.2 trillion higher than the White House estimated.
A preliminary analysis of the president's budget by the CBO forecasts a $1.43 trillion deficit for fiscal year 2011, $75 billion higher than the White House projection. The CBO also estimated deficits from 2011-2020 would be more than $9.7 trillion, compared with $8.5 trillion projected by the administration.
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4 comments:
One more reason to pass Health Care reform, which reduces the deficit.
I can't wait to see that happen, Baxter. When will that happen dates please. No excuses if it doesn't happen, no blaming Bush. When EXACTLY will it reduce the deficit and by how much? This from a government that can do nothing right.
Just results please.
Mr Results: It is all contained in the law - the CBO, whom Ganem used as his source - is my source as well.
Hopefully the law will soon pass and you will see the results, please.
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