US Deficit Boom: Expected to Hit $9.3 Trillion in Next Decade

by Benjamin Domenech on 1:06 am March 21, 2009

Friday releases are fun. CBO study shows new budget will “nearly double the cumulative deficit over the next decade to $9.3 trillion.” Obama has promised to halve the annual deficit in four years, but this year’s deficit will reach $1.8T, four times record set last year and “$400 billion more than projected two months ago.”

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