March 8, 2010

CBO Budget Estimation

The good folks at the CBO have revised their projections of the Obama budget deficits. The new numbers are the lighter blue bars (Color blind ThreeSourcers: the much higher ones!)

projected_deficit.png

Hat-tip: Professor Mankiw who still feels that these are based on overly optimistic projects.

Obama Administration Posted by John Kranz at March 8, 2010 1:57 PM

And for innumerate ThreeSourcers (if there were such a thing) the National Debt grows by each of those lighter blue bars stacked on top of each other year after year.

Posted by: johngalt at March 8, 2010 2:38 PM

Yeah, they're still just a couple of inches high or so -- I can't believe that's gonna be a big problem.

Posted by: jk at March 8, 2010 2:51 PM | What do you think? [2]