Posted by: arnegrim | March 21, 2011

Obama’s budget harmful to long-term

“A new assessment of President Barack Obama’s budget released Friday says the White House underestimates future budget deficits by more than $2 trillion over the upcoming decade.

The estimate from the nonpartisan Congressional Budget Office says that if Obama’s February budget submission is enacted into law it would produce deficits totaling $9.5 trillion over 10 years – an average of almost $1 trillion a year.”

http://m.apnews.com/ap/db_16026/contentdetail.htm?contentguid=MDgFMDeW

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