Does anyone believe that Obama's agenda is sustainable? It is utter madness to allow this to happen to our country.
Obama has been off in his projections all along and as of Thursday the CBO says his budget will create a deficit 90% of GDP in 9 years and his budget was 1.2 Trillion off in it's projections.
CBO: Debt level will rise to 90% of GDP in nine years
on March 27, 2010
Then they know it is madness and just proceed. Democrats are out in November for being stupid.
Obama has been off in his projections all along and as of Thursday the CBO says his budget will create a deficit 90% of GDP in 9 years and his budget was 1.2 Trillion off in it's projections.
CBO: Debt level will rise to 90% of GDP in nine years
on March 27, 2010
Washington TimesPresident Obama's fiscal 2011 budget will generate nearly $10 trillion in cumulative budget deficits over the next 10 years, $1.2 trillion more than the administration projected, and raise the federal debt to 90 percent of the nation's economic output by 2020, the Congressional Budget Office reported Thursday.
Washington Times"Deficits in the, let's say, 5 percent of GDP range would lead to rising debt-to-GDP ratios in a manner that would ultimately not be sustainable," Mr. Orszag acknowledged to reporters on March 20, 2009, two months after the administration entered office.
Then they know it is madness and just proceed. Democrats are out in November for being stupid.