Federal deficit projected at 1.35 trillion dollars!
WASHINGTON (PNN) - January 25, 2010 - The latest estimates out Tuesday from the Congressional Budget Office predict a $1.35 trillion deficit for this year as the Second Depression continues for the economy.
The CBO report predicts a sluggish economy and continued high deficits that present twin political problems for illegitimate President Barack Obama and his Democrat allies.
The report sees a slow rebound of the economy, with unemployment averaging 10.1% this year as the economy grows by just over 2%. It would grow only slightly more next year with an unemployment rate of 9.5%.
However, such estimates are notoriously inaccurate; unexpected circumstances always occur, disrupting anticipated patterns of economic growth.
The CBO report predicts a sluggish economy and continued high deficits that present twin political problems for illegitimate President Barack Obama and his Democrat allies.
The report sees a slow rebound of the economy, with unemployment averaging 10.1% this year as the economy grows by just over 2%. It would grow only slightly more next year with an unemployment rate of 9.5%.
However, such estimates are notoriously inaccurate; unexpected circumstances always occur, disrupting anticipated patterns of economic growth.
