Mar 20 2009
The latest CBO scoring of the Obama/DC Liberals budget forecasts is the most disturbing thing I have seen in a long time. Check out what we have to look forward to after the next 10 years of hard work:
The cumulative deficit from 2010 to 2019 under the Presidentâ€™s proposals would total $9.3 trillion, compared with a cumulative deficit of $4.4 trillion projected under the current-law assumptions embodied in CBOâ€™s baseline. Debt held by the public would rise, from 41 percent of GDP in 2008 to 57 percent in 2009 and then toÂ 82 percent of GDP by 2019 (compared with 56 percent of GDP in that year under baseline assumptions).
Obama and the Democrats are planning to run up our national debt to over 80% of the annual GDP – making it impossible to ever pay it down. It is a plan for financial ruin and disaster, and they are proud of it.
God help this great nation