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Obama policies projected to add $9.7 trillion to U.S. debt by 2020

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posted on Mar, 5 2010 @ 04:07 PM
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www.washingtonpost.com...


President Obama's policies would add more than $9.7 trillion to the national debt over the next decade, congressional budget analysts said Friday, including more than $2 trillion that Obama proposes to devote to extending a variety of tax cuts enacted during the Bush administration.

The 10-year outlook by the nonpartisan Congressional Budget Office is somewhat gloomier than White House projections, which found that Obama's policies would add $8.5 trillion to the debt by 2020. While the two agencies are in relative agreement about the short-term budget picture, with both predicting a deficit of about $1.5 trillion this year and $1.3 trillion in 2011, the CBO is less optimistic about future years, predicting that deficits will grow rapidly after 2015.


Spend us into oblivion o' lord master obama... and no im notbeing a racist SLPC



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