Comes from an email I just received from the progressive Americans United for Change. The subect line reads: “Alarming New Deficit Projections Only Underscore Urgent Need to Pass Obama Budget.”
Tom McMahon, the acting executive director of the liberal activist group, says:
“The sobering new deficit projections deliver a stark message that the economy is in even worse shape than was previously thought. It also underscores the urgent need to pass the bold initiatives on healthcare, education, energy and the economy laid out the President’s budget. If we don’t deal with the major underlying problems with the economy and make it possible for business to create jobs, our deficits will only continue to explode. We simply cannot achieve sustainable economic growth without fixing our broken health care system, reducing our dependence on foreign oil, and investing in tomorrow’s educated workforce. Bottom line: the most effective way for Congress to begin to regain control of the federal deficit is to support the President’s budget plan that is blueprint for rebuilding and renewing America.”
Yes, that would be the same budget plan that the CBO determined would add $4.8 trillion to the cumulative deficit over 10 years.
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