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

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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 (122871)	1/31/2012 11:43:48 AM
From: locogringo	4 Recommendations Read Replies (1) of 224706

HOPE AND CHANGE............ CBO projects $1.08T deficit,8.9 percent jobless rate in 2012 The Congressional Budget Office on Tuesday predicted the budget deficit will rise to $1.08 trillion in 2012. CBO also projected the jobless rate would rise to 8.9 percent by the end of 2012, and to 9.2 percent in 2013. These are much dimmer forecasts than in CBO's last report in August, when the office projected a $973 billion deficit. The report reflects weaker corporate tax revenue and the extension for two months of the payroll tax holiday. A rising deficit and unemployment rate would hamper President Obama's reelection effort, thehill.com

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