The Congressional Budget Office analysis said the government will run a
$845 billion deficit this year, a modest improvement compared to last
year's $1.1 trillion shortfall but still enough red ink to require the
government to borrow 24 cents of every dollar it spends.
It seems like the CBO is projecting this deficit getting better as we go along.
The report predicted the deficit would dip to $430 billion by 2015, the
lowest since the government posted a $459 billion deficit is former
President George W. Bush's last year in office. That would be a
relatively low 2.4 percent when measured against the size of the
economy.
Maybe with a few targeted cuts or an uptick in the economy we might even get this number positive by 2015. Know Obama and the Dems though they just can't live without running up the nations credit cards.
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