Monday, February 23, 2009

And then a miracle happens... 

Reading between the lines, and let's assume the CBO forecast for January 2009 has a pretty good grasp of the effects of this recession on the deficit, pre-inauguration. Here's what the leaked economic plan looks like. Data are for budget deficit, in billions of dollars.
















































CBO 9/08CBO 1/09Obama 2/09?
FY2008
161
455
n/a
FY2009
407
1186
1200
FY2010
468
703
1500
FY2011
461
498
???
FY2012
325
264
???
FY2013
126
257
???
FY2014
147
250
555
Don't know how he added this up to be a spending cut.

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