Congress’ nonpartisan budget analysts are projecting a $1.1 trillion federal deficit for 2012, the fourth straight year the government’s shortfall will exceed $1 trillion.
The slow-moving economy and massive federal deficits are top-flight issues in this year’s presidential and congressional campaigns.
The budget office repeated a warning it made earlier this year, saying the long-term fiscal outlook is uncertain. That’s because no one knows how President Obama and Congress will resolve their standoff over extending expiring tax cuts for the rich and over sweeping spending cuts that will be triggered in January unless Congress blocks them.
Budget analysts project $1.1T federal deficit this year… What does he do with all of that money?
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It’s hard to imagine this but Obama has been WORSE (economically that is) than 9-11. It’s true.
Hussein Obama has hurt the US Economy (and the world economy) much worse than the September 11th Terrorist Attacks did. And quite frankly he comes from the very same religious tradition that the Terrorists came from. Obama is a Muslim. He is an Islamist. On top of all of that he is a MARXIST.
Isn’t it possible that Hussein Obama is a Islamo/Muslim/Commie spy hell bent on surpassing Osama bin Laden? I mean economically. I meant that Obama is deliberately trying to RUIN our economy because he IS a Muslim and that is what a GOOD Muslim would do.
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