Friday, March 05, 2010

A Trillion Here, A Trillion There...

Pretty soon the country will be talking about bankruptcy. Obama Budget Underestimates Deficit Over 10 Years, CBO Says - Bloomberg.com

Cooking the books is a time-honored tradition in Illinois Politics.
March 5 (Bloomberg) -- President Barack Obama’s budget proposal would generate bigger deficits than advertised each year for the next decade, with the 10-year shortfall totaling $1.2 trillion more than the administration estimated, according to the Congressional Budget Office.
But then using real numbers would make it that much harder for the administration to push even more deficit spending in the form of even new entitlement programs.

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