President Barack Obama’s budget would produce $9.3 trillion in deficits over the next decade, more than four times the deficits of Republican George W. Bush’s presidency, congressional auditors said Friday. It’s a prospect even the president’s own budget director called unsustainable.

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2 Responses to “Obama’s budget to produce record $9.3 trillion in deficits”

  • URL: http://www.rollingstone.com/politics/story/26793903/the_big_takeover

    Rollingstone.com

    Back to The Big Takeover
    The Big Takeover
    The global economic crisis isn’t about money – it’s about power. How Wall Street insiders are using the bailout to stage a revolution

    MATT TAIBBI

    Posted Mar 19, 2009 12:49 PM

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    It’s over — we’re officially, royally fucked. no empire can survive being rendered a permanent laughingstock, which is what happened as of a few weeks ago, when the buffoons who have been running things in this country finally went one step too far. It happened when Treasury Secretary Timothy Geithner was forced to admit that he was once again going to have to stuff billions of taxpayer dollars into a dying insurance giant called AIG, itself a profound symbol of our national decline — a corporation that got rich insuring the concrete and steel of American industry in the country’s heyday, only to destroy itself chasing phantom fortunes at the Wall Street card tables, like a dissolute nobleman gambling away the family estate in the waning days of the British Empire.

  • rmaag22 says:

    Ok Support the 912 project people. It's our only way out of this HOLE!!!! Seriously we got to get ride of this crazy President. He's killing the future of our children and ourselves. This president is worse than George W. Bush but so simular it's scary the only differece is he's black and and spends more than Bush. He thinks he's smooth but people are starting to see through Obama's bull crap. WAKE UP PEOPLE! I smell Impeachment.

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