Saturday, August 22, 2009

Sober up

"Daddy - why did you steal my piggybank?"
The White House next week will revise the 10-year budget deficit from $7.1 trillion to $9 trillion.

Officials at the White House Office of Management and Budget (OMB) confirmed the enormous debt revision late Friday afternoon, hours after President Obama left for a 10-day vacation. ...

The new projections bring the White House numbers in line with estimates by the independent and non-partisan Congressional Budget Office (CBO). In June, CBO projected a 9.1 trillion deficit.

....and yes, I noticed the "Just in time for the 2012 election" trendline ...

Hat tip PowerLine.

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