Thursday, August 27, 2009

Deficits you can believe in

From the LA Times: White House projects bigger deficit, bigger debt.
"Figures released by the White House budget office foresee a cumulative $9 trillion deficit from 2010-2019, $2 trillion more than the administration estimated in May."

From the NY Times: Deficit expected to reach $9 trillion.
"The Obama administration’s Office of Management and Budget raised its 10-year tally of deficits expected through 2019 to $9.05 trillion, nearly $2 trillion more than it projected in February."

From the Wall Street Journal: Decade of debt: $9 trillion.
"Plunging tax receipts, soaring spending and a sluggish recovery will push the nation's deficits dramatically higher over the next decade, creating new complications for President Barack Obama's domestic agenda."

From President Barack Obama at a town hall meeting in Colorado on the cost of health care reform:
"Now, what I’ve proposed is going to cost roughly $900 billion — $800 billion to $900 billion. "

Uh huh.

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