Thursday, March 19, 2009

Another $1 Trillion in Debt

The Congressional Budget Office is expected to release new estimates on Friday indicating that the deficit projections under President Obama's fiscal blueprint will be significantly larger than originally thought. In a new bulletin, Cato scholar Chris Edwards argues, "Sadly, Obama's first budget sets a course for more government bloat, more economic distortions, and ultimately lower standards of living for everyone who is not living off of federal hand-outs."

What’s a Trillion Dollars ($1,000,000,000,000) among friends anyway???


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