Washington Times:  “President Obama’s fiscal 2011 budget will generate nearly $10 trillion in cumulative budget deficits over the next 10 years, $1.2 trillion more than the administration projected, and raise the federal debt to 90 percent of the nation’s economic output by 2020, the Congressional Budget Office reported Thursday.”

Related posts:

  1. Treasury Inc. – The Shadow National Debt
  2. Deficit Wars: Bush vs. Obama
  3. Obama Seeks $1.9 Trillion Tax Increase on People & Businesses
  4. Deficit Balloons Into National-Security Threat
  5. ObamaCare vs. Small Business
  6. Obama’s Head of Council of Economic Advisors Says Tax Increases are Highly Contractionary
  7. US Took 214 Years to Accumlate 1st $3 Trillion Debt, Obama Adds $3 Trillion in 2 Years
  8. Out of Control Federal Government Liabilities Rose $2 Trillion in Fiscal Year 2010
  9. 111th Congress Added More Debt Than First 100 Congresses Combined: $10,429 Per Person in U.S.
  10. CBO: Jobs Created and Saved By Stimulus Cost At Minimum An Average of $228,055 Each