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[Normal Joe]

WASHINGTON (Reuters) - The Obama administration will raise its 10-year budget deficit projection to approximately $9 trillion from $7.108 trillion in a report next week, a senior administration official told Reuters on Friday

Will Obama bankrupt our country?...good luck USA...you voted these politicians in...are you too stupid to realize what you did??..and what it is going to mean to you??...get ready to suffer...stupidity always pays you back..

http://www.reuters.com/article/newsOne/idUSTRE57K4XE20090821

[Susan T]

Last I heard CBO was closer to the dollar amount..more like 13 unless I miss my guess

[Chips]

Don't expect too many replies to this post.
Not many care.
BTW who/what is CBO?

[marilyn.monroe]

And how the heck are future generations supposed to prosper under this debt?  What if future generations of Americans actually reallyneed to borrow money?
God I hope we can free ourselves from unConstitutional government before it is too late. Our capitol is overrun with the RATS. Over the years it has become INFESTED. I'm for drastic measures to stop the Federal government from destroying this Republic. What these politicians are doing to America is nothing less than treason!
Obama picked up right where George W. left off, and honestly, the damage George W. has done pales in comparison to Obama, and he's only been in office near 6 months.

 

[the nosh]

a good start would be stopping the wars, bring the kids back home and stop giving our money to foreign countries who end up hating us in the end anyway.

[Susan T]

Don't expect too many replies to this post.
Not many care.
BTW who/what is CBO?

Congressional Budget Office. They told the Prez. The Health Care Program would throw us WAAAY over the TOP and guess who does'nt care? the PREZ and Congress. they will just print more money.

[Frenchfry]

"The federal budget is on an unsustainable path, primarily because of the rising cost of health care."
http://www.cbo.gov/publications/collections/health.cfm

[Susan T]

"The federal budget is on an unsustainable path, primarily because of the rising cost of health care."
http://www.cbo.gov/publications/collections/health.cfm

Exactly the reason CBO said NO to the Obamacare

[Frenchfry]

Exactly the reason CBO said NO to the Obamacare

That quote was from the CBO.....obviously doing nothing is not an option

[Frenchfry]

Today CBO released a letter responding to a request from the Ranking Members of four House committees for additional information about the effects of health insurance coverage specifications reflected in the America’s Affordable Health Choices Act, which was released by the House Committee on Ways and Means on July 14, 2009. (For regular readers of our analysis, it’s been a busy weekend.)

CBO and the staff of the Joint Committee on Taxation (JCT) released a preliminary analysis of the provisions of this legislation related to health insurance coverage on July 14 and then released a further analysis that took into account the other parts of the legislation on July 17. Among other things, the coverage specifications would establish a mandate for most legal residents to obtain health insurance, significantly expand eligibility for Medicaid, regulate the pricing and terms of private health insurance policies, set up insurance “exchanges” through which certain individuals and families could receive federal subsidies to reduce the cost of purchasing insurance, and offer a “public plan” option similar to Medicare through those exchanges. For reasons outlined in those earlier letters, our analysis to date does not represent a formal or complete cost estimate for the draft legislation.
http://cboblog.cbo.gov/?cat=5