Wednesday, January 26, 2011

CBO Forecasts

Just hearing that the CBO just revised the 2011 deficit from 1 trillion to 1.5 trillion.  That's 500 billion higher than originally "forecasted."  Notice how the Big O had no mention of stimulus last night.  Called it investment but no formal plans for any as he knows the Feds are done from a fiscal stimulus capacity.  Done until the next crisis and then we'll see another trillion stimulus.


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