Posts Tagged ‘debt’

National Debt Higher than WH estimates

Great news! Obama can’t do math!

President Obama’s proposed budget would add more than $9.7 trillion to the national debt over the next decade, congressional budget analysts said Friday. Proposed tax cuts for the middle class account for nearly a third of that shortfall.

The 10-year outlook released by the nonpartisan Congressional Budget Office is somewhat gloomier than White House projections, which found that Obama’s budget request would produce deficits that would add about $8.5 trillion to the national debt by 2020.

You know if I was 1.2 trillion units off my calculations here at work, I’d get fired on the spot. For the White House, that’s a good day.

And great news for the Chicago Way.

Giannoulias bank failure won’t stop family from getting $10M from feds

Democratic U.S. Senate nominee Alexi Giannoulias stands to collect more than $10 million in federal tax refunds even if its Broadway Bank fails, which Mr. Giannoulias said this week is likely

It pays to have friends at the top right?