CBO Says Obama Understating Future Budget Deficits by 2.3 Trillion

Well at least he was close.  I mean it’s not like it’s real money, right?

A new assessment of President Barack Obama’s budget says it underestimates future deficits by more than $2 trillion over the upcoming decade.

The Congressional Budget Office estimate says that if Obama’s February budget submission were enacted into law it would produce deficits totaling $9.5 trillion — an average of almost $1 trillion a year.

Obama’s budget foresaw deficits totaling $7.2 trillion over the same period.

Come on, you don’t think he’s lying, do you?

Advertisements
This entry was posted in Politics and tagged , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s