Sunday, August 22, 2010

CBO on Obama's first budget

Spending down, revenue up
Fiscal year 2010 will mark a change in the recent trends that have prevailed for both revenues and outlays. After falling sharply during the recession, revenues are projected to increase (in nominal dollars) for the first time in three years, rising by $38 billion, or about 2 percent. Outlays, which have grown rapidly in recent years because of the recession, the turmoil in financial markets, and policies enacted in response to those events, are expected to decline by about 1 percent.
My dear wife is part of an e-mail chain of Obama-hating simple-minded idiots who get 97.8% of their information from either Fox/Saudi News or their favorite drug-addicted pedophile, Pigboy Limbaugh, and this morning I looked over her shoulder as she was getting her morning dose of stupidity from one of the nitwits she exchanges e-mails with and it was as usual, more lies and misinformation about the deficit left to us by George W. Bush. ------------------------------------------------->

My dear wife went to Sunday school this morning and she didn't even have to leave the house. And once again she realizes how stupid and misinformed the people in her e-mail group are.