Wednesday, March 25, 2009

Our budget decidit will be worse than Cuba's

That just makes me feel all warm and fuzzy insider...

President Barack Obama's 3.55-trillion-dollar budget plan will leave the United States with a worse budget deficit than Cuba, a leading Republican critic warned Tuesday.

"This creates for us a higher deficit than Cuba's. This is not the kind of position we want to put the United States in," Republican Minority Leader Mitch McConnell told reporters.

Other Republican critics of Obama's spending policies, including his nearly 800-billion-dollar economic stimulus package, have variously warned that he risks turning the country into Argentina, France, Germany, or Zimbabwe.

Asked for the figures underpinning the charge, a McConnell aide pointed to a report from the non-partisan Congressional Budget Office that warned the US budget deficit for fiscal year 2009, ending September 30, would swell to 13.1 percent of Gross Domestic Product.

Weren't the liberals bashing Bush over deficit spending over the last 8 years? Thought so.

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