Gee, I haven't heard that broken record on the Networks since, well...let's see.....uhhh.....January of 2009 !
"Since the Congressional Budget Office (CBO) last issued its baseline projections, in January 2009, the outlook for the budget deficit has deteriorated further.1 Enactment of stimulus legislation and omnibus appropriations, a worsening of the economic outlook, and other factors have increased CBO’s projections of the deficit by more than $400 billion in both 2009 and 2010 and by smaller amounts thereafter. As a result, if current policies remain the same, CBO now anticipates that the deficit will total almost $1.7 trillion (11.9 percent of gross domestic product, or GDP) this year and $1.1 trillion (7.9 percent of GDP) next year, the largest deficits as a share of GDP since 1945 (see Table 1-1).
CBO has also analyzed the policy proposals outlined in the President’s preliminary budget request.2 Under those policies, the deficit would total $1.8 trillion (13.1 percent of GDP) in 2009 and $1.4 trillion (9.6 percent of GDP) in 2010. The cumulative deficit over the 2010–2019 pro*jection period would equal $9.3 trillion and would aver*age 5.3 percent of GDP. Debt held by the public would rise from 57 percent of GDP in 2009 to 82 percent of GDP in 2019."
http://www.cbo.gov/ftpdocs/100xx/doc10014/Chapter1.5.1.shtml
So uhhh....where's our "watchdog" Media now ?
"Since the Congressional Budget Office (CBO) last issued its baseline projections, in January 2009, the outlook for the budget deficit has deteriorated further.1 Enactment of stimulus legislation and omnibus appropriations, a worsening of the economic outlook, and other factors have increased CBO’s projections of the deficit by more than $400 billion in both 2009 and 2010 and by smaller amounts thereafter. As a result, if current policies remain the same, CBO now anticipates that the deficit will total almost $1.7 trillion (11.9 percent of gross domestic product, or GDP) this year and $1.1 trillion (7.9 percent of GDP) next year, the largest deficits as a share of GDP since 1945 (see Table 1-1).
CBO has also analyzed the policy proposals outlined in the President’s preliminary budget request.2 Under those policies, the deficit would total $1.8 trillion (13.1 percent of GDP) in 2009 and $1.4 trillion (9.6 percent of GDP) in 2010. The cumulative deficit over the 2010–2019 pro*jection period would equal $9.3 trillion and would aver*age 5.3 percent of GDP. Debt held by the public would rise from 57 percent of GDP in 2009 to 82 percent of GDP in 2019."
http://www.cbo.gov/ftpdocs/100xx/doc10014/Chapter1.5.1.shtml
So uhhh....where's our "watchdog" Media now ?
