actsnoblemartin
08-25-2009, 01:25 PM
http://news.yahoo.com/s/nm/20090825/pl_nm/us_obama_budget
WASHINGTON (Reuters) – The U.S. national debt will nearly double over the next 10 years, government forecasts showed Tuesday, challenging President Barack Obama's economic and healthcare overhaul agenda.
The White House midsession budget forecast and the non-partisan Congressional Budget Office both forecast that government revenues will be crimped by a slow recovery from the worst recession since the 1930s Great Depression, while spending on retirement and medical benefits soars.
WASHINGTON (Reuters) – The U.S. national debt will nearly double over the next 10 years, government forecasts showed Tuesday, challenging President Barack Obama's economic and healthcare overhaul agenda.
The White House midsession budget forecast and the non-partisan Congressional Budget Office both forecast that government revenues will be crimped by a slow recovery from the worst recession since the 1930s Great Depression, while spending on retirement and medical benefits soars.