March 20, 2009

$1 trillion deficits seen for next 10 years

NEWS FLASH!! THIS JUST IN FROM BIZARRO WORLD:

"Despite new estimates that say President Barack Obama's budget would generate unsustainable large deficits averaging almost $1 trillion a year, the White House insisted Friday that the flood of red ink won't swamp its costly agenda."

I can't even figure out which part of the above paragraph is scarier--the fact that the gunvernment is going to add almost $1 TRILLION a year to the deficit, or the fact that Obamanable isn't even worried about that.

Well, at least one person in the United States will be happy about this latest news--Paul Krugman.

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