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| New Deficit Forecast Casts Shadow on Obama Agenda |
| 2009-03-21 |
| It continues to get more serious, particularly as the Democrats are now seeking an end run using the reconciliation process to get through the healthcare and energy changes. This is high stakes stuff. The question now is whether the poll numbers will spook enough moderate democrats to back off or whether they are so intent on pushing this that it is Rome or bust. If they push this in such a partisan manner, I suspect that there supports in the business/wall street community will become more vocal and we will here words like "madness" "idiocy" "destructive". We did here "economic arson" yesterday. WASHINGTON -- The Congressional Budget Office placed a new hurdle in front of President Obama's agenda on Friday, calculating that the White House's tax and spending plans would create deficits totaling $2.3 trillion more than the president's budget projected for the next decade. The difference largely reflects the administration's more optimistic forecasts of economic growth through 2019. The budget office figures, which will guide Congress as it takes up Mr. Obama's proposals in earnest next week, were worse than Democratic leaders expected and further complicated their job of achieving the president's priorities on health care, energy policy and much more. |
| Posted by:Omoter Speaking for Boskone7794 |
| #1 It matters not. When you are a committed marxist-socialist deficits, debt, money supply, growth and free-markets are not as important as control. |
| Posted by: Jack is Back! 2009-03-21 13:10 |