Tuesday, November 30, 2010

« Comparing Federal Deficits: Bush Vs. Obama »

chart comparing federal deficit under bush vs obama

Source: CBO -- More detail inside.

In the first independent analysis, the non-partisan Congressional Budget Office concluded that President Obama's budget will rack up massive deficits even after the economy recovers, forcing the nation to borrow $9.3 trillion over the next decade.

Graphic courtesy of the Washington Post.

Two short comments: the numbers have already worsened since this graphic was produced in March, and the Obama administration is on the same prescription meds as AIG execs. Take a look at 2013-2019. Holy rosy scenario.

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