Saturday, March 19, 2011

Non-Partisan Congressional Budget Office: Obama Underestimates Deficits By $2,300 Billion

CBO: Obama understates deficits by $2.3 trillion

Note - This post AIN'T about Obama.

$2,300,000,000,000

It is a point of reference upon which I plan to keep an eye on the "usual suspects" to determine if they will mention anything about this news.

If they do mention it, we can be sure that there will be references to:

  • The Two Wars Started by Bush Is Responsible For Our Present Fiscal Malaise
  • If The Republicans Had Not Insisted On The "Tax Cuts For The Rich" To Be Extended The Deficit Would Be Less
  • This News Is Further Reason Why The Republicans Should Cease In Their Attempts To Eliminate The Health Care Reform That Regulates The Insurance Companies.  The Same CBO Said It Would Reduce The Deficit

I notice as I listen to them that Present Obama - but more importantly THEIR IDEOLOGY - is never responsible for any ORGANIC negative impact on this nation's finances.
  • Defense Spending
  • Failure To Raise Taxes On The Rich
  • Corporate Tax Breaks
Are all the reasons why we have a deficit - in their view. 

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