So how big is that deficit?

The Congressional Budget Office estimates that the deficits that President Obama proposes between 2011 and 2020 come to a staggering $126,000 per family of four (see Table 1-3 and divide the total deficits by 310 million than multiple by four). That is on top of the $35,000 per family already chalked up under the first two years of Obama’s administration.



Blogger Chas said...

Markie Marxist sez: "If the American people don't want to pay higher taxes as we move them towards the 100% taxation that is communism, we'll just spend the money now by putting it on the national credit card, and they can pay the bills later. It's communism on the installment plan! Don't mind those high interest rates, folks! Of course, we take the interest on the debt away from the private sector too! They pay for everything! What a racket we’ve got! Ha! Ha! All your money is belong to us, eventually! Buy now, communism later! Ha! Ha!"

3/27/2011 7:59 AM  

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