Showing posts with label Deficits you can believe in. Show all posts
Showing posts with label Deficits you can believe in. Show all posts

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.