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Obamanomics: US Set For Another $1 Trillion Deficit

John912 Wrote: Aug 08, 2012 4:16 PM
Romney and the sane people left in the U.S. must resoundedly beat obama and the [no]progressives this Nov., if there is to be any future for this and future generations. They are driving our country, our fiscal house and economy into the ground.

It's only August but the Congressional Budget Office is predicting the United States will see another $1 trillion deficit before we hit October. The federal government has posted $1 trillion deficits every year since President Obama took office and the Democrat controlled Senate hasn't passed a budget in more than 1100 days. No budget means not knowing how much is being spent. In 2008, the deficit was less than $500 billion. The national debt stands at nearly $16 trillion.

The nonpartisan Congressional Budget Office (CBO) on Tuesday estimated that the federal budget deficit stands at $975 billion...