Obama policies projected to add $9.7 trillion to U.S. debt by 2020

President Obama's policies would add more than $9.7 trillion to the national debt over the next decade, congressional budget analysts said Friday, including more than $2 trillion that Obama proposes to devote to extending a variety of tax cuts enacted during the Bush administration.

The 10-year outlook by the nonpartisan Congressional Budget Office is somewhat gloomier than White House projections, which found that Obama's policies would add $8.5 trillion to the debt by 2020. While the two agencies are in relative agreement about the short-term budget picture, with both predicting a deficit of about $1.5 trillion this year and $1.3 trillion in 2011, the CBO is less optimistic about future years, predicting that deficits will grow rapidly after 2015.

http://www.washingtonpost.com/wp-dyn/content/article/2010/03/05/AR2010030502974.html

Obama policies projected to add $9.7 trillion to U.S. debt by 2020

Obama policies projected to add $9.7 trillion to U.S. debt by 2020

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