March 18, 2012

SandBoxBlogs: Washington Times "CBO: Obama budget deepens debt by $3.5 trillion"

 Stephen Dinan:
"President Obama’s budget would pile up an additional $3.5 trillion in debt over the next 10 years and shows the government’s trust funds running out of money in 2020, Congress’s official non-partisan scorekeeper said Friday.

In 2012 alone Mr. Obama’s budget would leave a $1.3 trillion deficit — $82 billion worse than if none of his policies were enacted. Over the next ten years the deficit would dip to less than a half-trillion dollars in 2017, but would rise again in the later years...."  (Read more?  Click title)

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