Friday, March 18, 2011

More than a rounding error

The Congressional Budget Office today released their estimates for the President's budget over the next decade.  The Obama Administration had suggested that over the next decade deficits would total $7.2 trillion(with a T!).  But CBO says the chief economist in the Administration, evidently someone named Rosy Scenario is a bit off.  The CBO says the figure is more like $9.5 trillion.   And Ms. Pelosi claims the democrats are serious about deficit reduction.

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