Friday, March 20, 2009

That Is One Big S**t Sandwhich

The bill is coming sooner and bigger than we thought.

Deteriorating economic conditions will cause the federal deficit to soar past $1.8 trillion this year and leave the nation wallowing in a sea of red ink far deeper than the White House had previously estimated, congressional budget analysts said today.
[. . .]
By the CBO's estimate, for example, the nation's debt would grow to 82 percent of the overall economy by 2019 under Obama's policies, compared with a pre-recession average of 40 percent.
[. . .]
To reduce the deficits, Democrats could dial back Obama's spending plans or find new sources of revenue. [emphasis mine]

Now if I was a betting man. . .

(Cross-posted at Richmond Tea Party: The Blog)

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