Reuters
Obama submitted his budget outline to Congress last month which forecast almost $7 trillion in deficits through 2019, however a worsening economic picture is expected to make the budget outlook darker.
Conrad told reporters that the additional $1.6 trillion over the next decade was based on projections of the Democratic majority’s budget committee staff.
You must be logged in to post a comment.
Blowback
Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Registration is currently closed. That means if you're not already registered, you can't comment. We will let you know if and when registration re-opens. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.
Trackbacks/Pings
Trackback URL
Comments
Chocolate Chip.
seejanemom on March 20, 2009 at 12:13 PM
“It’s like the Special Olympics or something.”
Kent18 on March 20, 2009 at 12:13 PM
“I won.”
lorien1973 on March 20, 2009 at 12:14 PM
This is a “distraction”.
Look, over there, AIG is taking bonuses!
aquaviva on March 20, 2009 at 12:16 PM
Geithner Olympics.
the_nile on March 20, 2009 at 12:17 PM
[MSM] “… but, moving on to today’s big story: don’t Michelle’s arms just look FAAAAAAAAAAABulous — ?!?” [/MSM]
Kent18 on March 20, 2009 at 12:17 PM
Obama is trying to ruin “rich, white, European” culture in any form, beginning with the “America” he LOATHES>>> he has a “Chocolate Chip” on his shoulder.
His contempt for The British Prime Minister couldn’t be hidden.
He hates this country and HE KNOWS. GOOD. AND. DAMN. WELL. what he is doing to the dollar.
This is bigger than he is and he will gladly go along with the puppetmaster (George Tsoros) so that th United Nations can sweep in with their UN-DOLLAR. And I do mean, UN-.
seejanemom on March 20, 2009 at 12:19 PM
OK. Now lets find out how much he overestimated his revenues then we will really have a fun figure to play with.
Joe Caps on March 20, 2009 at 12:20 PM
If a tree falls in a desert…
The administration ignored the C.B.O’s numbers prior to stimuluspalooza. Do ya think they’ll pay attention now?
Buy Danish on March 20, 2009 at 12:20 PM
He considered the extra $1.6 trillion a tip.
Chuck Schick on March 20, 2009 at 12:21 PM
Meanwhile most of the country is too distracted by his Special Olympics comment on Leno to notice.
carbon_footprint on March 20, 2009 at 12:22 PM
It’s all theoretical anyways. His revenue numbers are based upon a rosey scenario that’ll never happen, so 1.6 trillion is lowballing it as well.
lorien1973 on March 20, 2009 at 12:26 PM
At this point and how much we are spending, 1.6 trillion is just a rounding error.
lorien1973 on March 20, 2009 at 12:26 PM
Hmm.
That’s $600 billion more than Fox had reported this morning.
Do we know how many trees have had to die because Hussein has had to have the Treasury Dept. working overtime printing money with absolutely no value to cover his ass?
madmonkphotog on March 20, 2009 at 12:26 PM
I saw this on Beck last night. So with this slightly teensy weensy underestimation on deficit spending, on top of the Feds announcing the spontaneous creation of almost two trillion dollars yesterday, it would be good to look up just how much a trillion dollars is physically. Then we can know just how much trouble we are in as a country.
Weebork on March 20, 2009 at 12:29 PM
Come to think of it, isn’t it rather odd that the amount of money the Feds pumped out yesterday amounts to about the amount of money that was underestimated in the budget?
I’m just sayin’…
Weebork on March 20, 2009 at 12:31 PM
“Hey Rocky, Watch me pull a trillion dollars outta my hat!”
Medved made mention that inflation will cut the Bammer’s trillion deficit in half…..
CynicalOptimist on March 20, 2009 at 12:48 PM
Eh, it’s just a rounding error. /
lawhawk on March 20, 2009 at 1:02 PM
So, what percentage of a prostitute is he?
promachus on March 20, 2009 at 2:02 PM
Projected deficits only understated by $1.6 trillion?
That’s being optimistic.
Ted Torgerson on March 20, 2009 at 2:06 PM
So, Obama can’t do math?
I’m not surprised. I mean, look at the numerous examples of his legal scholarship. Oh wait.
Techie on March 20, 2009 at 2:17 PM