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Obama debt projections challenged by CBO
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Imelench/Morguerile
President Obama once again tries to pull the wool over the eyes of Americans with projections about his spending programs that are bankrupting the United States.
Deficits totally $2.3 trillion more than President Obama had projected in his budget for the next decade have been projected as much more by the Congressional Budget Office. It conflicts with the "happy talk" about the future deficit being created by the White House and Democrats in Congress. Meanwhile, the plans for more tax and spend programs go on, especially in regard to health care and energy.
The predictions by Obama for his budget for the next decade is nearly $7 trillion. But the Congressional Budget Office contests that figure because their analysis shows that it will be $9.3 trillion, a third highter.
Meanwhile, moderates in Congress keep sounding the alarm but are run over by House Speaker Nancy Pelosi and Senate Leader Harry Reid. Democrats running for office in 2010 are getting nervous about Obama's spending plans as Republican's are finding that American's are finally waking up to how the country is being bankrupted and a burden put on future generations.
According to Senator Judd Gregg (R-NH), senior Republican on the Senate Banking Committee said the new from the Congressional Budget Office
confirms that under the president's plan, our debt will increase to shocking levels that are simply unsustainable and will devastate opportunities for our children and grandchildren.
Meanwhile, Obama continues to try to blame the deficit on the Bush administration, and not on the wild spending spree he and the Democrats have gone on in just the first two months of his administration. However, as the glamor around Mr. Obama begins to fade, Republicans and fiscally conservative Democrats are getting bolder about refusing to support his agenda which is putting the nationals long term fiscal health at risk.
While Obama can charm Jay Leno's audience, the projections by the Congressional Budget Officer are beginning to peel off the facade that passes for his ability to fiscally govern the U.S.
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