From the AP
The Congressional Budget Office is projecting that the deficit for the 2010 budget year that ended Sept. 30 will total $1.29 trillion. That's down by $125 billion from the $1.4 trillion in 2009 — the highest deficit on record.
I thought the Jimmy Carter years proved that Keynesian economics don't work. Apparently, not. George W Bush believed in it too, and Obama believes in it on steroids.
The Obama administration is projecting that the deficit for the 2011 budget year, which began on Oct. 1, will climb to $1.4 trillion. Over the next decade, it will total $8.47 trillion. Deficits of that size will constrain the administration's agenda over the next two years and will certainly be an issue in the 2012 presidential race.
How the hell is this government going to afford health care? Are we going to have more bailouts? Stimulus bills that didn't do a damn thing?
It's time for less spending, less government and more freedom. What needs to happen is for the GOP to push for a balanced budget without tax increases if they get past the house. There doesn't need to be a "reduction" in growth of the deficit. That's a halfway job which is worthless. Balanced budget or bust.
If Obama vetos it, send it back to him until he signs it or shuts down the government.