Posts tagged: National Debt

Have a nice weekend…

The CBO reports what we already knew:

President Obama’s fiscal 2011 budget will generate nearly $10 trillion in cumulative budget deficits over the next 10 years, $1.2 trillion more than the administration projected, and raise the federal debt to 90 percent of the nation’s economic output by 2020, the Congressional Budget Office reported Thursday.

Lovely.  So (with apologies to Instapundit) I’ll pose the question on everyone’s mind: is this “hope” or “change”?

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