U.S. Federal Deficit Soars Past Previous Estimates

[dapoes]

And they are complaining about 163 mill bonus???

$1 trillion deficits seen for next 10 years
WASHINGTON (AP) — President Barack Obama's budget would generate unsustainably large deficits averaging almost $1 trillion a year over the next decade, according to the latest congressional estimates, significantly worse than predicted by the White House just last month.

The Congressional Budget Office figures, obtained by The Associated Press Friday, predict Obama's budget will produce $9.3 trillion worth of red ink over 2010-2019. That's $2.3 trillion worse than the White House predicted in its budget.

Worst of all, CBO says the deficit under Obama's policies would never go below 4 percent of the size of the economy, figures that economists agree are unsustainable. By the end of the decade, the deficit would exceed 5 percent of gross domestic product, a dangerously high level.

Way to go BO :down:

 

[freedom]

The president of the united states is carrying out his patriotic duty ....


our nation is failing , i will support my goverment to my last drop , i will give it every dime , every dollar , every ounce of strength that i have to preserve our country


you know the reason for our economy failing , he's doing everything that must be done to soften the blow , but i beleive that there isn't a force today that can stop the collapse of our economy .

our nation will continue , our people will continue .