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Tuesday, August 25, 2009

Paging Dr. Evil- Obama ups deficit by $2 trillion

Word leaked out with the trash last Friday, but today the Obama Administration had officially increased its projected deficit for the next ten years.
The federal government faces exploding deficits and mounting debt over the next decade, White House officials predicted Tuesday in a fiscal assessment far bleaker than what the Obama administration had estimated just a few months ago.

Figures released by the White House budget office foresee a cumulative $9 trillion deficit from 2010-2019, $2 trillion more than the administration estimated in May. Moreover, the figures show the public debt doubling by 2019 and reaching three-quarters the size of the entire national economy.
These numbers don't sound real anymore:

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