It turns out that in the budget it announced last February, the White House Office of Management and Budget projected cumulative deficits of $6.97 trillion for fiscal years 2010 through 2019, but in the budget it announced today, the comparable number swelled to $9.09 trillion — or an increase of about $2.1 trillion. In fiscal year 2011 alone, the deficit is now projected to be $1.27 trillion, compared to the year ago estimate of $912 billion — an increase of $355 billion for next year alone.
Related posts:
- House Dems Pretend Budget Does Not Have Trillion Dollar Deficits
- White House Narrows 2010 Deficit Estimate to $1.47 Trillion
- White House Proposes Record $3.8 Trillion Budget And $1.6 Trillion Deficit
- The True Deficits: Bush $800 Billion, Obama $1.4 Trillion
- CBO: National Deficit to Hit Nearly $10 Trillion Over Next Decade
[...] This post was mentioned on Twitter by Jewish Leadership, Eye on Liberty. Eye on Liberty said: White House Sees Cumulative Deficits $2.1 Trillion Higher Than It Projected A Year Ago http://bit.ly/c36zSo [...]