on Friday, March 20, 2009

Remember that blissful time just a few short months ago when $800 billion seemed like an insane amount of money for government to spend.


President Barack Obama's budget would generate deficits averaging almost $1 trillion a year over the next decade, according to the latest congressional estimates, significantly worse than predicted by the White House just last month.

The Congressional Budget Office figures, obtained by The Associated Press Friday, predict Obama's budget will produce $9.3 trillion worth of red ink over 2010-2019. That's $2.3 trillion worse than the White House predicted in its budget.
As I pointed out yesterday, the total amount of debt accumulated by this country from George Washington's days til the end of W's era totaled a staggering $10.7 trillion. Now Obama plans to double our entire 225+ years' worth of debt in just 8 short years.

Hope your great-great-grandkids enjoy paying for Obama's out of control spending.