New CBO report forecasts 2011 deficit of $1.3 trillion (Bush levels) and DECLINING

[banned from Kos]

in the future. (assumes 5% growth in 2015)

"There is a modicum of good news buried in the CBO report: It says deficits from 2012 to 2021 will total only $3.5 trillion"

http://content.usatoday.com/communities/theoval/post/2011/08/budget-agency-jobless-rate-above-8-for-years/1

and the "Bush deficit" WAS $1.3 trillion!

http://www.politifact.com/truth-o-meter/statements/2010/jan/29/barack-obama/obama-inherited-deficits-bush-administration/

More Obama success!

[Angry Dragon]

1. that 5% growth is a HUGE assumption

and that is 4 years away

[banned from Kos]

2. You are straight on correct - 5% is very optimistic for 2015.

the vital info is that we are moving in a positive direction.

[Cali_Democrat]

3. 5% growth in 4 years?

I've got a bridge I would like to sell you. It connects Brooklyn and Manhattan.

You interested?

[banned from Kos]

4. Tell the CBO about your doubts.

I am neutral.

[girl gone mad]

5. Bad news for the economy.