Friday, May 15, 2009

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.
It seems so long ago, but I can remember when I thought Henry Paulson was the most misguided man in the government. Peanuts. 700 billion? What a piker.

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