Saturday, August 22, 2009

Obama's Hemorrhagic Spending Continues Apace

Obama to raise 10-year deficit to $9 trillion

WASHINGTON (Reuters) - The Obama administration will raise its 10-year budget deficit projection to approximately $9 trillion from $7.108 trillion in a report next week, a senior administration official told Reuters on Friday.

That's an increase of 26.6%, but who's counting? Certainly not the President. And remember, he's only been there for 7 months.

Graphic courtesy of

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