CBO: Obama budget cuts deficits $1.1T by 2023
President Barack Obama's budget would trim projected federal deficits by $1.1 trillion over the coming decade, using nearly $6 in higher revenues for every $1 in reduced spending to achieve it, Congress' nonpartisan budget analyst said Friday.
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“Make America Great Again”
Since: Jun 07
Bring Obama Back!
#1 May 17, 2013
Maybe the tea-baggers will call for that money to go into the Benghazi investigation, LOL… Obama wins again… he is always proven right.
#2 May 17, 2013
Once again this is a nebulous report.
From the story: "President Barack Obama's budget would trim PROJECTED federal deficits by $1.1 trillion."
What does that mean???
From the story:
"Overall, the budget office says Obama's budget would produce $5.2 trillion in red ink through 2023. That is $1.1 trillion less than the deficits that would be generated over that time if no tax or spending laws are changed."
Sooooo, a sea of red ink for the next decade, if all goes well. Time for American to face the TRUTH---we are screwed.
Since: Mar 09
The Left Coast
#3 May 17, 2013
We predicted we would be $33Trillion in debt, but now we predict we will only be $32Trillion in debt. Therefore, we have a $1Trillion surplus. Progressive math is wonderful.
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