Friday, June 12, 2009

How soon before we have an "emporer has no (deficit and economic) clothes"? "Bad as the deficit was under Mr Bush, it will quadruple this year, from $459 billion in 2008 to $1.845 trillion, according to the non-partisan Congressional Budget Office (CBO). Mr Obama vows to slash it in half within four years, but that will still leave it bigger than the deficits for which he once lashed Mr Bush…The CBO reckons the deficit will still be running at more than $1 trillion a year in 2019." (Economist)

http://rhetorican.com/2009/06/10/obamas-achilles-heel/

No comments:

Post a Comment