Wednesday, March 25, 2009

Obama deficits vs. Bush deficits. Assuming the happy case that his cabinet pays its taxes, Pete Stark's residency issues get resolved, Chris Dodd doesn't get any more dodgy mortgages, Barnie Frank doesn't take any more kickbacks from FNMA, etc.

Wow, that graphic says it all. But who really believes that the deficit will shrink from 2009-2012? It will get a lot worse because there likely will be negative GDP growth in those years.
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