Skip to comments.Analysts project $1.1 trillion federal deficit
Posted on 08/22/2012 9:42:05 AM PDT by John W
WASHINGTON Congress nonpartisan budget analysts are projecting a $1.1 trillion federal deficit for 2012, the fourth straight year the governments shortfall will exceed $1 trillion.
The Congressional Budget Office also says it expects the economy to continue recovering at only a modest rate the rest of this year, growing at a modest annual rate of 2.25 percent.
(Excerpt) Read more at journalgazette.net ...
They still want to pretend this is a “recovery”?
So can we now focus on the issues instead of being sucked into the silly attempts at diversion and distraction the Democrats are pushing?
obama has promised that if we follow his budget priorities, over the next 10 years, we will overspend by $7.2 Trillion, CBO says $9.5 Trillion. But in the end, obama is promising to overspend.
Trillion is the new billion
Am amazing headline from ABC News. Could the tide be turning?
Grim Report on Economy Gives Mitt Romney an Opening to Shift Back to Economic Message
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