News Ticker powered by Fox News

Thursday, October 8, 2009

Great News: CBO: Deficit Has Tripled This Year, Change Has Come

To be fair, Bush was still in office when the fiscal year started in September of last year. So, one might argue that this deficit isn't 100% Obama's fault, but let's be real, $787B of that is from Obama's Porkulus boondoggle: Now, we have gone from the frying pan and straight into the fire of debt:

The CBO said Wednesday that the deficit for FY09, which ended Sept. 30, totaled about $1.4 trillion, a $950 billion increase over the shortfall posted in FY08.

This on top of the upcoming healthcare reform and climate change bills that will also cost hundreds of billions more. Where are all the Democrats that were terrified of the rising deficits under Bush? Most of them have been silent on this even though Obama's spending is far higher than Bush's.

No comments:

Post a Comment