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News-Sentinel.com Your Town. Your Voice.
Opening Arguments

Big potatoes

I'm very tired now. I think I'll lie down and have a nice nap. Maybe things will look better tomorrow:

A new Congressional Budget Office forecast due out Wednesday is expected to put the fiscal 2009 deficit at about $1 trillion, more than double the $438 billion in red ink CBO foresaw in September.

[. . .]

"Potentially we've got trillion-dollar deficits for years to come, even with the economic recovery that we are working on at this point," Mr. Obama said.

So without the "economic recovery plan" they're working on, which will be a large part of the deficits, the deficits would be even bigger? I'm not sure if that's hubris or just economic balderdash. I do suspect that every federal government overreach I've ever screamed about is going to seem like such small potatoes.


Bob G.
Wed, 01/07/2009 - 2:37pm

Mash 'em if 'ya got 'em!