The Congressional Budget office says the budget submitted by President Obama will produce deficits of nearly $1 trln annually for the next decade.
Obama has been trumpeting the sterling reputation of the CBO since its analysis of his health care plan says it will reduce the deficit over its first ten years (of course it does as contains 10 years of tax hikes and 6 years of benefits…). It will be hard for the Administration to argue the CBO has its figures wrong…
