Not that 7.2 Trillion deficit over 10 years is in anyway good, but the CBO puts Obama's budget deficit by the end of 2021 at 9.5 Trillion. So, that's the current deficit of over 14 Trillion plus Obama's 9.5 for a whopping 24 Trillion dollars. That means interest alone will account for $1 Trillion. Anyone who can support this bull I'd desperately like to know why. How exactly does Obama expect us to afford all of this? (rhetorical question, I know) I wish I had this budgeting ability to just spend spend spend that the government seems to have.
http://news.yahoo.com/s/ap/20110318/ap_on_bi_ge/us_obama_budget
Not that 7.2 Trillion deficit over 10 years is in anyway good, but the CBO puts Obama's budget deficit by the end of 2021 at 9.5 Trillion. So, that's the current deficit of over 14 Trillion plus Obama's 9.5 for a whopping 24 Trillion dollars. That means interest alone will account for $1 Trillion. Anyone who can support this bull I'd desperately like to know why. How exactly does Obama expect us to afford all of this? (rhetorical question, I know) I wish I had this budgeting ability to just spend spend spend that the government seems to have.