Wednesday, August 26, 2009
That Deficit? Even Worse!
It's the SPENDING, STUPID!!!!
With today’s release of new budget projections from the Obama administration showing deficits totaling more than $9 trillion over the next 10 years, The Concord Coalition said that cost control must be the primary focus of health care reform and called for a bipartisan deficit reduction plan. Furthermore, the administration’s numbers are optimistic when compared to what would occur if we simply extended current policy. The Concord Coalition Plausible Baseline, created using the Congressional Budget Office’s (CBO) updated projections, shows that current policy would lead to $14.4 trillion in deficits over the next 10 years.
Quoted (and lots more here) by Ace