Article

2009-08-25 Economy

Financial Time Bomb - Caution you will be afraid, very afraid!

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Posted by GolfBravoUSMC 2009-08-25 13:12|| || Front Page|| [3 views ] Top

#1 On a related note, U.S. unemployment will surge to 10 percent this year and the budget deficit will be $1.5 trillion next year, both higher than previous Obama administration forecasts because of a recession that was deeper and longer than expected, White House budget chief Peter Orszag said. It throws a wrench in health-care reforms, Maya MacGuineas, president of the bipartisan Committee for a Responsible Federal Budget, said in an interview. No matter the specific numbers, theyre a constant reminder that were in bad, bad shape. A multi-trillion dollar national health care plan is just what Dr. Obama has ordered. But will his minions do his bidding?

Posted by Anguper Hupomosing9418 2009-08-25 16:46|| 2009-08-25 16:46|| Front Page Top

#2 On Fox News is was brought up that the White House estimates include the income from "Cap and Tax" of around 690 Billion (though it hasn't passed to become law) where the OMB must use existing laws for theirs. For that reason the WH estimates are "optimistic".

Posted by tipover 2009-08-25 18:34|| 2009-08-25 18:34|| Front Page Top

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