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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: Kenneth E. Phillipps who wrote (61559)3/20/2009 2:28:13 PM
From: DizzyG2 Recommendations  Read Replies (1) of 224749
 
U.S. Federal Deficit Soars Past Previous Estimates
By Lori Montgomery
Washington Post Staff Writer
Friday, March 20, 2009; 1:59 PM

Deteriorating economic conditions will cause the federal deficit to soar past $1.8 trillion this year and leave the nation wallowing in a sea of red ink far deeper than the White House had previously estimated, congressional budget analysts said today.

In a new report that provides the first independent analysis of President Obama's budget request, the nonpartisan Congressional Budget Office predicted that the administration's agenda would generate deficits averaging nearly $1 trillion a year over the next decade -- $2.3 trillion more than the president predicted when he unveiled his spending plan just one month ago.

washingtonpost.com

But what about the deficit Kenneth?

Diz-
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