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Budget deficit to hit $1.48 trillion
Yahoo ^
| 1/26/11
| Richard Cowan and Kim Dixon - Reuters
Posted on 01/26/2011 2:11:22 PM PST by NormsRevenge
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To: sam_paine
Only $20 billion? I’ll take it, if it will simplify the math.
21
posted on
01/26/2011 3:00:29 PM PST
by
Cicero
(Marcus Tullius)
To: Cicero
Doublepost = $40 Billion.
22
posted on
01/26/2011 3:16:38 PM PST
by
sam_paine
(X .................................)
To: sam_paine
Doublepost = $40 Billion.That will buy a loaf of bread in a few years.
23
posted on
01/26/2011 3:34:24 PM PST
by
AmusedBystander
(Republicans may have helped drive the economy into the ditch, but Obama is driving it off the cliff.)
To: NormsRevenge
This should be lesson to all those who take the CBO as gospel. 5 months ago they said the deficit would be 410 billion less than it ended up being. They were only off close to 40%. And that was only 5 months or so ago, not 10 years worth of projections that no one has any idea about and what things will be like at that point. So keep that in mind when you hear the dems and the media breathlessly tout their numbers about the health care bill. They’re likely to be just as off the mark when the actual results come in.
24
posted on
01/26/2011 3:37:01 PM PST
by
jeltz25
To: Uncle Ike
mostly due to the mammoth tax-cut package brokered by President Barack Obama and lawmakers last month Yeah. It couldn't be the trillion dollar stimulus that Obama shepherded us into a couple of years ago and has now become a permanent part of the budget. Gotta be Bush's fault.
25
posted on
01/26/2011 3:38:28 PM PST
by
fhayek
To: NormsRevenge
The CBO "estimates that the act (renewing tax cuts) will increase the deficit by $390 billion in 2011, by $407 billion in 2012 and by $120 billion in 2013." It is assuming that the extension of the Bush tax cuts will not cause a recovery, new hires and subsequent increased tax revenue coming from more people employed..
Regardless! If the government would cut spending by those amounts, then those deficit numbers go to ZERO.
26
posted on
01/26/2011 3:54:28 PM PST
by
Cobra64
To: bwc2221
Thank God for Excel. Really. This stuff is tuff. LOL
.
27
posted on
01/26/2011 3:58:21 PM PST
by
Cobra64
To: NormsRevenge
But.... but.... but..... zero said he can save 400 bilion over 10 years, thats 40 billion dollars a year.. we’re saved! idiot
28
posted on
01/26/2011 4:55:54 PM PST
by
ronnie raygun
(V.........................................FOR VOMIT)
To: NormsRevenge
Didn't take that new Republican governor long to butter up to Obama... Not a good sign for the cheeezehead state... What in the heck is he doing standing there next to Obama?
29
posted on
01/26/2011 6:51:46 PM PST
by
April Lexington
(Study the Constitution so you know what they are taking away!)
To: NormsRevenge
If the CBO admits the fiscal 2011 deficit will hit $1.48 trillion, it scares me as to what the spending deficit for 2011 will REALLY be. My guess is you can add another off the books half trillion or so to that estimate.
30
posted on
01/27/2011 6:09:43 AM PST
by
OB1kNOb
(“Those who hammer their guns into plows will plow for those who do not.” — Thomas Jefferson)
To: screaminsunshine
“...It has ten holes and one cork.”
Good analogy.
31
posted on
01/27/2011 6:19:58 AM PST
by
MichaelCorleone
(Sarah Palin is America's Margaret Thatcher)
To: MichaelCorleone
Keep perspective. One trillion seconds is......32,000 years. One trillion is a BIG number. Thanks you corrupt ever-spending politicians. Thanks, you fools.
32
posted on
01/27/2011 6:25:13 AM PST
by
hal ogen
(1st amendment or reeducation camp?)
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