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washingtonpost.com - 1/7/2009
Obama Predicts Years of Deficits Over $1 Trillion
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Obama predicts $1 trillion deficit 'for years to come'
usatoday.com - 1/6/2009
Obama predicts $1 trillion deficit 'for years to come'
— 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'

Comments vote down SCSUScholars found this 1/6/2009found this
thenextright.com - 1/6/2009
Is the Republican Party For or Against Trillion Dollar Deficits?
— thenextright.com — Jon is right. The addition of some $300 billion in temporary tax cuts to the massive $775... billion Obama stimulus is a risk politically and Bushonomics (e.g. tax-cut-and-spend) on steroids policywise. What's the main reason Republicans are ... (more) Is the Republican Party For or Against Trillion Dollar ...

Comments vote down LiberalOasis : The Blog found this 1/6/2009found this
Obama: Deficits May Last for Years
online.wsj.com - 1/7/2009
Obama: Deficits May Last for Years
— online.wsj.com — Obama said the U.S. could face trillion-dollar deficits for years to come, but heavy spending is needed... now to spur the economy. (more) Obama: Deficits May Last for Years

Comments vote down The Page by Mark Halperin found this 1/7/2009found this

Blog Reactions

LiberalOasis : The Blog:  Progressive Breakfast: Econ Recovery First, Deficit Reduction Later

Angry Bear:  Social Security 'Reform': the Undead Return

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Blog Reactions

Progressive Breakfast: Econ Recovery First, Deficit Reduction Later
LiberalOasis : The Blog — ... W. Post reports shows Obama wants to signal long-term fiscal responsibility “an economic adviser said yesterday that the president-elect plans to unveil ‘major initiatives’ designed to eventually bring the deficit under control as part of his first budget proposal, which he will submit to Congress next month. Obama also has scheduled a news conference for today to make a ‘personnel announcement’ related to budget reform, aides said.” ( ...

Social Security 'Reform': the Undead Return
Angry Bear — ... points to this article Obama Predicts Years of Deficits over $1 trillion and notes that they don't hesitate to single out the usual suspect. Is it the cost of the war? The cost of the bailout? The cost of the stimulus package? Nope apparently those are just short term problems. Instead as always the first stop for deficit reform is Social Security. ...

uggabugga — ... Wednesday (article): ... mounting debt has raised an alarm on Capitol Hill, where some Republicans and moderate Democrats are pressing Obama to tackle the looming challenge of skyrocketing Medicare and Social Security spending, and to adopt tough new budget rules to prevent future deficits from ballooning. ...

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