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Analysts project $1.1 trillion federal deficit
AP via Fort Wayne Journal Gazette ^ | August 22, 2012 | AP

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 government’s 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 ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events
KEYWORDS: broke; debt; deficit; obamanomics; trillions

1 posted on 08/22/2012 9:42:12 AM PDT by John W
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To: John W

They still want to pretend this is a “recovery”?


2 posted on 08/22/2012 9:45:40 AM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: John W

So can we now focus on the issues instead of being sucked into the silly attempts at diversion and distraction the Democrats are pushing?


3 posted on 08/22/2012 9:45:57 AM PDT by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: John W
Poor ol'George...

Photobucket

He's the gift that keeps on giving!!

4 posted on 08/22/2012 9:58:44 AM PDT by harpu ( "...it's better to be hated for who you are than loved for someone you're not!")
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To: John W
This is not a surprise.

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.

5 posted on 08/22/2012 10:31:24 AM PDT by Sgt_Schultze (A half-truth is a complete lie)
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To: Sgt_Schultze

Trillion is the new billion


6 posted on 08/22/2012 11:36:04 AM PDT by TurboZamboni (Looting the future to bribe the present)
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To: TurboZamboni; Sgt_Schultze; harpu; MNJohnnie; GeronL

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

http://abcnews.go.com/blogs/politics/2012/08/grim-report-on-economy-gives-mitt-romney-an-opening-to-shift-back-to-economic-message/


7 posted on 08/22/2012 4:16:23 PM PDT by John W (Viva Cristo Rey!)
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