Posts tagged ‘federal spending’

April 17, 2010

Betcha didn’t know!

by thoughtfulconservative

Things we wouldn’t know without the Heritage Foundation.

Federal Spending Is Growing Faster Than Federal Revenue.

It’s true!

January 7, 2009

Budget Office predicts $1.2T deficit

by thoughtfulconservative

From David Rogers at Politico.com

The Congressional Budget Office released a grim forecast Wednesday for the coming year that projects a federal deficit of almost $1.2 trillion in 2009 as revenues fall off and housing prices continue to decline even as unemployment rises.

The jobless rate will exceed 9% early in 2010, CBO says, and even then the recovery will be sluggish with GDP growing by only 1.5% — not enough to match the 2.2% contraction this year.

Which, naturally, will be blamed on Bush and the failed Republican policies.

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