The Congressional Budget Office (CBO) has released its latest budget projections, estimating a $1.1 trillion budget deficit for fiscal year 2012, amounting to approximately 7 percent of the U.S. gross domestic product (GDP).The CBO also projects that the economy will continue its sluggish recovery, with real GDP growing by only 2 percent this year, and dropping to 1.1 percent next year. Additionally, the CBO estimates that unemployment will remain above 8 percent both this year and next year. The CBO actually offers up some encouraging news. If the “substantial changes to tax and spending policies [that] are slated to take effect ...
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CBO Estimates 2012 Federal Budget Deficit of $1.1 Trillion
Started by Disorderedliberty, Jan 31 2012 11:08 AM
2 replies to this topic
#2
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Posted 01 February 2012 - 07:28 AM
We need a new congress. 
IF YOU DON'T STAND BEHIND OUR TROOPS, PLEASE, FEEL FREE TO STAND IN FRONT OF THEM !!!
"an old country hick from america"
Sprint EVDO Rev. A * Vista Home Premium 64-bit SP1*AMD Phenom 9600 Quad-Core Processor, 8.0 RAM, ATI Radeon 3200 Graphics
"an old country hick from america"
Sprint EVDO Rev. A * Vista Home Premium 64-bit SP1*AMD Phenom 9600 Quad-Core Processor, 8.0 RAM, ATI Radeon 3200 Graphics
#3
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Posted 01 February 2012 - 07:52 AM
Has something to do with the give aways, bailouts, and "investing" in union "green" companies that suddenly fail after they get there millions. Let not forget , obamacare is a serious siphon in all aspects of the economy.
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