mcclatchydc.com - 1/8/2009
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WASHINGTON — The forecast Wednesday of a jaw-dropping $1.2 trillion one-year federal budget deficit will make it harder for President-elect Barack Obama to win broad support for a massive stimulus package that would add even more to the red ink.
usatoday.com - 1/6/2009
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usatoday.com —
Two weeks before he takes office, Obama said
his budget aides told him that he will inherit...
huge deficits following the government's multibillion-dollar financial bailouts. He vowed to block pet projects sought by members of Congress, known as ...
(more)
Obama predicts $1 trillion deficit 'for years to come'
washingtonpost.com - 1/7/2009
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washingtonpost.com —
Comments that include profanity or personal attacks or
other inappropriate comments or material will be removed from...
the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ...
(more)
Report Places 2009 Budget Deficit at $1.2 Trillion
Comments
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Glug, glug
Belmont Club —
The headline at Drudge, Let’s Print More Money , highlights the problem of what to with an alky who owns a distillery and is lying under the spigot with his mouth open. WASHINGTON — The forecast Wednesday of a jaw-dropping $1.2 trillion one-year federal budget deficit will make it harder for President-elect Barack Obama to win broad support for a massive stimulus package that would add even more to the red ink. With his party controlling both the House of Representatives and the Senate, Obama’s still likely to get the OK for spending and tax cuts that cost $1 trillion or more ...
GEE, DO YOU THINK? “The forecast Wednesday of a jaw-dropping $1.2 trillion one-year federal budget …
Instapundit —
... GEE, DO YOU THINK? “The forecast Wednesday of a jaw-dropping $1.2 trillion one-year federal budget deficit will make it harder for President-elect Barack Obama to win broad support for a massive stimulus package that would add even more to the red ink.” This stuff is polling pretty badly and is likely to poll worse as time goes on. Sooner or later, even Congress will notice. ...
Drudge Report
News —
... The specter of a record-breaking federal deficit hanging over President-elect Obama's stimulus plans leads the Drudge Report, whose headline is "Let's Print More Money!" Drudge also notes that Obama could ...
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Obama to Shift Focus to Deficit
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Obama Targets Budget Deficit
washingtonpost.com 2/22/2009 — Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ...
The prospect of a $1.2 trillion deficit ’stuns’ Congress!!
features.csmonitor.com 1/10/2009 — "The deficit estimated at 8.3 percent of gross domestic product, makes it clear that we cannot borrow and spend our way back to prosperity, when we’re already running an annual deficit of more than 1.1 trillion dollars,” said John Boehner (R) of Ohio, "we have to guard against making things worse!!"
Deficit Forecast to Hit $1.8 Trillion
online.wsj.com 3/23/2009 — The CBO revised its budget deficit forecast to $1.8 trillion for the current fiscal year, but Orszag said it won't keep the administration from accomplishing its goals.
Paulson says Obama will decide on rescue spending —
Reuters: Politics 1/8/2009
WASHINGTON (Reuters) - The architect of the Bush administration's effort to stabilize the troubled U.S. financial system said on Wednesday President-elect Barack Obama will make the decisions on how to spend the remaining half of a $700 billion bank ...
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