OBAMA IS BANKRUPTING THE COUNTRY~U.S. Federal Deficit Soars Past Previous Estimates

OBAMA DOES NOT CARE ABOUT THE AMERICAN PEOPLE ! IT IS QUITE OBVIOUS. He only cares about appeasing all that helped him get elected. He wants socialism for all. He is a socialist, marxist, communist !


PLEASE LEAVE OFFICE NOW OBAMA and take HARRY AND NANCY WITH YOU !
You can't continue to charm the American people into poverty. You are the worst President EVER !!! YOU ARE NOT MY PRESIDENT ! You are a liar and a thief !






























Peter Orszag has no clue. He will tax you to death at all cost to appease his puppet master ! He will find room for any and every program out there and will find a way to tax you for it so it can be paid for. What a slum bag. Seniors that are retired and are on Medicare will no longer be able to have the Medicare Advantage policies available that help seniors pay for their prescriptions and a lower co pays. That will be done away with. Poor people on medicaid will get the shaft too ! You will have to pay co pays and a fee for your medications. If you don't have the money thats tuff crap. Get over it Obama says. If you die that is just too damn bad. That's life.

U.S. Federal Deficit Soars Past Previous Estimates
Deteriorating economic conditions will cause the federal deficit to soar past $1.8 trillion this year and leave the nation wallowing in a sea of red ink far deeper than the White House had previously estimated, congressional budget analysts said today.

In a new report that provides the first independent analysis of President Obama's budget request, the nonpartisan Congressional Budget Office predicted that the administration's agenda would generate deficits averaging nearly $1 trillion a year over the next decade -- $2.3 trillion more than the president predicted when he unveiled his spending plan just one month ago.

And although Obama would come close to meeting his goal of cutting the deficit in half by the end of his first term, the CBO predicts that the nation's annual operating deficit would never drop below 4 percent of the overall economy over the next decade, a level administration officials have said is unsustainable because the national debt would grow too rapidly.


By the CBO's estimate, for example, the nation's debt would grow to 82 percent of the overall economy by 2019 under Obama's policies, compared with a pre-recession average of 40 percent.

The new report could complicate efforts to win congressional approval for Obama's $3.6 trillion budget request for the fiscal year that begins Oct. 1. Democrats in the House and Senate are currently putting the finishing touches on their versions of Obama's spending plan, which calls for an expensive expansion of health coverage for the uninsured and new spending on education programs, as well as a first-time tax on greenhouse gas emissions.

Democrats hope to approve the measure before the Easter recess.

Senate Budget Committee Chairman Kent Conrad (D-N.D.) has said the gloomier CBO forecast would require "adjustments" to Obama's budget, though he declined to specify what changes would be necessary. To reduce the deficits, Democrats could dial back Obama's spending plans or find new sources of revenue.

After meeting with Obama at the White House this week, Conrad said the president "understands the legislative process" and that "it's going to require everyone to make adjustments."

But other Democrats are not necessarily ready to follow Conrad's lead. At her weekly news conference on Thursday, House Speaker Nancy Pelosi dismissed the expectation of bad news from CBO, the official budget scorekeeper for Capitol Hill, saying differences between that agency and the White House budget office are "not unusual."

"Our priorities are the same," Pelosi said. "This budget is a statement of our values and our investments in education, health care and the health of America. That includes prevention as well as care, and the energy initiatives as well as tax relief for 95 percent of the American people, as well as an approach that takes the deficit down. Those are the priorities of the budget."

White House budget director Peter Orszag made the same point after speaking with reporters on Tuesday.

"There are always some adjustments," Orszag said of the legislative budget process. "But those four pillars" -- health care, education, clean energy and deficit reduction -- "will be represented."

http://www.washingtonpost.com/wp-dyn/content/article/2009/03/20/AR2009032001820.html