RSS
Home
Obama: 'Trillion-dollar deficits for years to come'
Print
Email
RSS
Subscribe
AP Photo/Gerald Herbert
President-elect Obama predicts "trillion-dollar deficits for years to come."
"We're already looking at a trillion-dollar budget deficit or close to a trillion-dollar budget deficit, and that potentially we've got trillion-dollar deficits for years to come, even with the economic recovery that we are working on at this point," Obama said.
The federal deficit was about $455 billion for the fiscal year that ended on Sept. 30, 2008.
If the Democrats keep the deficits to a trillion-dollars a year that will at least slow the rate at which the Democrats increase the national debt.
For more info: Defense spending would provide a better stimulus ♦ Barry's boondoggle to include $310 billion in tax cuts ♦ Barry's boondoggle ♦ Obama's 2.5 million jobs are not enough ♦ National debt soars under Democrat controlled Congress
Related Articles:
Add a Comment
Morning Briefing for MONDAY, December 21, 2009 Sign up to get the morning briefing by email …
The lone Democratic holdout, Nebraska Senator Ben Nelson, has agreed to support Obamacare -- one of the crown jewels of Obamaism. According to Ed …
