What happened to the Democrat bean counters?
You remember--the ones who screamed about what that Iraq war money could be doing for the poor if we weren't protecting them from terrorists?- "The director of the Congressional Budget Office today [May 11] updated his projections for the budget and economic outlook and is now anticipating a $1.8 trillion deficit this year, and $1.4 trillion in 2010.
This is up from CBO director Douglas W. Elmendorf's January 2009 projection of a $1.2 trillion deficit this year. In short, the US government is borrowing 50 cents for every dollar it spends.
The new projected deficit is four times the 2008 deficit, which was a record high for its time.Deficit Now Projected at $1.8 Trillion for 2009.
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