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 9/08 |
CBO 1/09 |
Obama 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.
Labels: economics, Obama
Permalink here.
Posted
by King : 2:48 PM
|
