Plans for a new jobs bill and a request for war funds would add to the total
WASHINGTON - The latest congressional budget estimates out Tuesday predict a $1.35 trillion deficit for this year as the economy continues to slowly recover from the recession.
The Congressional Budget Office report predicts a sluggish economic recovery and continued high deficits that present twin political problems for President Barack Obama and his Democratic allies.
The report sees a slow rebound of the economy, with unemployment averaging 10.1 percent this year as the economy grows by just over 2 percent. It would grow only slightly more next year with an unemployment rate of 9.5 percent.
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4 comments:
Cut taxes and increase jobs. No government jobs. all private sector.
Everyone screams cut taxes but they don't want to cut the expenditures that require taxes/borrowing i.e medicade, medicare, social security, defense.
Obama is trying to close the barn doors after the horse got out.
What a dip-$h!t
He needs to "freeze" all the unspent "stimulus money"' and pay it back to China.
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