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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: MythMan who wrote (393172)8/25/2009 2:54:17 PM
From: Box-By-The-Riviera™  Read Replies (3) of 436258
 
hey duude, the congressional accountants just lowered the deficit by 2 trillion. i guess andy fastow got out of jail early.

Tue Aug 25, 10:18 am ET
WASHINGTON – Congressional budget analysts project a cumulative $7 trillion deficit from 2010-2019, a figure roughly $2 trillion less than the one projected by the White House budget office.

The nonpartisan Congressional Budget Office, in a report that came out on the same day as the White House midyear budget review, said the deficit this year will total $1.6 trillion and that putting the nation on a sustainable fiscal course will require a mix of lower spending and higher tax revenues than the amounts now projected.

The White House also projected a $1.6 trillion deficit this year, but a gloomier $9 trillion 10-year shortfall.
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