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Old 08-21-2009, 04:04 PM
 
Location: West, Southwest, East & Northeast
3,446 posts, read 6,593,193 times
Reputation: 868

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Obama to Increase 10-Year Deficit Estimate from $7 Trillion to $9 Trillion (http://www.foxnews.com/politics/2009/08/21/official-obama-increase-year-deficit-trillion/ - broken link)

 
Old 08-21-2009, 04:07 PM
 
Location: Chicagoland
41,314 posts, read 39,627,714 times
Reputation: 7107
Quote:
In a report next week, the Obama administration will increase its 10-year budget deficit projection to roughly $9 trillion, an increase of about $2 trillion from the previous projection, a senior administration official told Reuters on Friday.
No kidding. That is EXACTLY what the CBO forecasted for his budget. They knew his numbers were based on the "rosy scenario".

Quote:
The report for the budget year that ends Sept. 30 also will predict Washington to spend $3.653 trillion this year, the official said. Revenue, however, would reach only $2.074 trillion.
 
Old 08-21-2009, 04:10 PM
 
Location: San Diego, CA
10,582 posts, read 8,292,932 times
Reputation: 4158
Toss in a trillion here, and a trillion there, and pretty soon you're talking real money.
 
Old 08-21-2009, 04:12 PM
 
7,352 posts, read 9,205,916 times
Reputation: 1881
It's funny how the far right had no problem driving the nation into debt with a war, and have no problem breaking the backs of the average American in terms of health care costs (they just LOVE their billionaire corporate masters). But suddenly, they're all fiscally. LMAO.
 
Old 08-21-2009, 04:15 PM
 
Location: Chicagoland
41,314 posts, read 39,627,714 times
Reputation: 7107
Quote:
The hateful neo-cons have been rooting for the demise of this presidency before Obama even took office. I'm sure that with a little more effort on their part--you know, hateful name-calling, lies, etc.--they might have a good chance at destroying America.
It's now hateful to point out the lies of the president? The promises broken? The debt he is incurring with his massive spending?

Every patriot should consider it their duty to "spread" the word about his awful policies.
 
Old 08-21-2009, 04:25 PM
 
17,845 posts, read 19,837,058 times
Reputation: 7495
You didn't account for inflation and deflation of the dollar... the value is much much higher... probably more like 12 Trillion...
 
Old 08-21-2009, 04:29 PM
 
Location: West, Southwest, East & Northeast
3,446 posts, read 6,593,193 times
Reputation: 868
Quote:
Originally Posted by evilnewbie View Post
You didn't account for inflation and deflation of the dollar... the value is much much higher... probably more like 12 Trillion...
Exactly! At the very minimum. He's destroying America right before our eyes...and is well on his way in just 7 months in office. He's got to be stopped...
 
Old 08-21-2009, 04:33 PM
 
Location: West, Southwest, East & Northeast
3,446 posts, read 6,593,193 times
Reputation: 868
Quote:
Originally Posted by sanrene View Post
It's now hateful to point out the lies of the president? The promises broken? The debt he is incurring with his massive spending?

Every patriot should consider it their duty to "spread" the word about his awful policies.
I can only hope that all those stupid people that voted this fraud into the White House are the ones that will be living under bridges and eating out of dumpsters. What a bunch of idiots they are...
 
Old 08-21-2009, 04:44 PM
 
Location: West, Southwest, East & Northeast
3,446 posts, read 6,593,193 times
Reputation: 868
Scumbag Obama had the White House dump this news on the public on a Friday afternoon after he took off for vacation. What a fraud thug Obama and his Dim administration is!
 
Old 08-21-2009, 04:47 PM
 
37,062 posts, read 16,148,820 times
Reputation: 8431
(they just LOVE their billionaire corporate masters).

Yeah, like, Ted Turner, Heinz, Tyson Chicken, GE, Eisner, Oprah, etc, and can't forget Soros.

Oh, wait, these are democrat billionaire corporate masters.
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