Folks — If you just went out and made this crap up — no one would believe ya! Gee, I wish it was all just a dream . . . or just another botched joke on The Tonight Show.
More at Mock Barack

President Obama’s budget proposals, if carried out, would produce a staggering $9.3 trillion in total deficits over the next decade, much more than the White House has predicted, the Congressional Budget Office said on Friday.

The office’s estimates of deficits in the fiscal years 2010 through 2019 “exceed those anticipated by the administration by $2.3 trillion.”

The deficits under the Obama plan would be $4.9 trillion more than the projected deficits if there were no changes in current laws and policies — what the nonpartisan budget office calls its baseline assumption.

The startling new figures have enormous implications, political as well as fiscal. They are certain to bring new expressions of alarm and dismay from deficit hawks on Capitol Hill, where the president’s $3.6 trillion budget proposal for the next fiscal year, which begins in October, has already stirred debate.

President Obama’s budget director, Peter R. Orszag, conceded in a news briefing on Friday that annual deficits of 4 to 5 percent of gross domestic product, as envisioned in the office’s report, are “ultimately not sustainable.”

Read it all. Makes on wonder if the White House somehow got the CBO to wait until late Friday to release this report — let it get buried over the weekend and all. Meanwhile, President Chosen One fiddles around with Jay Leno — insulting the Special Olympics along the way (Michelle Malkin says “The teleprompter made him do it!” — while the U.S. Congress tries to burn down the economic house.

Meanwhile, Ace has the goods on Pres Barry O’s best use of that pesky ol’ teleprompter.

Heh!

This entry was posted on Friday, March 20th, 2009 at 2:17 pm and is filed under Dem Wit Congress, POTUS Obama, Stimulate This!. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.  |   Print This Post  |   Email This Post

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