Posted on 01/27/2010 2:39:16 PM PST by Kartographer
The president's plan to freeze non-military discretionary spending isn't good. The new projections for this year's economy from the CBO are much worse. They project a $1.3 trillion deficit for fiscal year 2010, the second largest as a share of GDP since WWII. They project unemployment over 10 percent until mid-year, and still in the high 9s when the spending freeze bites.
In short, we're trapped.
(Excerpt) Read more at business.theatlantic.com ...
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