washingtonpost.com - 1/7/2009
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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. Finally, we will take steps to block users who ...
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'
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Spending Our Way to Prosperity
Vodkapundit —
Hope you’ve had your coffee already: Slowing tax revenues and an historic bailout of the U.S. financial system will drive the annual budget deficit to nearly $1.2 trillion this year, even without the massive economic stimulus package now under review by Congress, the Congressional Budget Office is expected to report this morning. That’s from this morning’s Washington Post . And it matters. A lot. If we want to give people (and the Chinese government) good reason to buy up that much debt, we’re going to have to offer high interest rates. In the middle of a credit crunch, when ...
Trillion-Dollar Hard Times
The Moderate Voice —
In the run-up to what had better be the most inspiring inaugural address ever, Barack Obama keeps breaking bad news about the economy, yesterday warning of “trillion-dollar deficits for years to come.”
(Today the Congressional Budget Office upped the ante by estimating a $1.2 trillion shortfall for 2009.)
During his “media availability” yesterday, the President-Elect continued his running commentary on the evolution of the stimulus package he will present to Congress, disclosing it will be free of earmarks, thereby subsuming ...
Uncharted Waters
Power Line —
... The Congressional Budget Office projected today that the federal budget deficit for FY 2009 will be $1.2 trillion, over 8 percent of anticipated GDP. And this is before Congress enacts Barack Obama's "stimulus" package, which would add hundreds of billions of dollars more to the deficit. ...
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Deficit likely to hit $1.8 trillion in 2009.
thinkprogress.org 3/20/2009 — Later today, the Congressional Budget Office (CBO) will be releasing a report projecting the federal deficit. According to aides on Capitol Hill, it will likely reach $1.8 trillion this year, and fall to $1.4 trillion in 2010. The CBO’s ...
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