Friday, August 21, 2009

Obama to raise 10-year deficit to $9 trillion


"The Obama administration will raise its 10-year budget deficit projection to approximately $9 trillion from $7.108 trillion in a report next week, a senior administration official told Reuters on Friday." [Reuters]

".....this means that, in the Heritage Foundation's famous graph, the OMB projections are now essentially the same as CBO's:" [Power Line]


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