2009 Obama Deficit Prejection Grows to 1,750,000,000,000.00

Obama forecasts $1,750bn deficit

By Edward Luce and Krishna Guha in Washington

Published: February 26 2009 11:24 | Last updated: February 26 2009 13:55

Barack Obama’s headline budget, that will be released later on Thursday morning, includes a $250bn item for future bailout funds which implies the White House could be planning to ask Congress for up to $1,000bn more in emergency funds for the banking sector.

A senior administration official told the Financial Times that the $250bn “placeholder” provision was part of the Obama administration’s new approach to upfront budgeting, which included accounting for likely future costs.

http://www.ft.com/cms/s/6178d8…

  • The actual deficit the Dems inherited was $160.7 Billion according to the Congressional Budget Office.
  • Then the Dem lead congress under Obama, Pelosi and Reid exploded the deficit.
  • Then Obama and the Dems claimed they inherited a 1.0 Trillion dollar deficit for 2009 and kept spending.
  • Then Obama and the Dems claimed they inherited a 1.3 Trillion dollar deficit for 2009 and kept spending.
  • Then Obama and the Dems claimed they inherited a 1.5 Trillion dollar deficit for 2009 and kept spending.

Now they want even more spending to balloon the deficit up to 1.75 Trillion.  With Bush still gone, and Republicans in congress still voting overwhelingly against it, can you guess who he will try to blame?

About Mike "DD4RP" Rossettie