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The Congressional Budget Office estimate, while expected, is bad news for the White House and its allies in Congress as they press ahead with health care overhaul legislation that could cost $900 billion over the next decade.
The previous record deficit was $459 billion and was set just last year.
Quote:
The Obama health plan would be "paid for" with new revenues and curbs in spending. But the overhaul effort would eat up tax increases and spending cuts that could be used to bring the deficit down.
On those terms, the 2009 deficit reached almost 10 percent of gross domestic product, a level not witnessed since World War II.
Yeah, let's spend another trillion we don't have, putting the burden on taxpayers once again, costing jobs and income.
And yet you wailed and gnashed teeth about Bush's $458 Billion deficit. How do you reconcile that in your mind, considering obama has a deficit almost 4 times that of Bush's?
This country will never dig itself out of the hole. Doing what? Designing webpages? All our productive jobs are overseas and is our manufacturing base. This country can't clothe itself, thank God we still have some intelligent farmers.
i am not sure we have the money for universal health.
and i am a tree hugger
we are spending way too much.
ps of course the war mongers are perfectly ok with a trillion for DOD no issues there
if jr is serving in blackwater with a 6 figure salary.
...W inherited a SUPLUS, and succefully truned it into a DEFICIT...
Surplus? What surplus? Every year of Clinton's presidency, the national debt increased. In fact, the budget for the fiscal year ending September 29, 2001 resulted in a $133 billion deficit.
So, what you're really saying is what a great job Obama did in bringing the FY2009 deficit down from the projected $1.9 trillion you were whining about all Spring.
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