cbo report on '13 obama budget

[Danzig]

http://news.yahoo.com/cbo-obama-budg...150600585.html

CBO: Obama budget produces 2013 deficit of $977B

By ANDREW TAYLOR | Associated Press – 40 mins ago


well, i just can't believe these numbers aren't as good as the white house said. just shocked.

WASHINGTON (AP) — A new analysis of President Barack Obama's budget for next year says the deficit scenario isn't as rosy as the White House painted it.

Friday's Congressional Budget Office report said Obama's budget would produce a $977 billion deficit next year — $75 billion more than predicted by the White House.

The nonpartisan CBO said Obama's budget office consistently overestimates tax revenues over the coming decade. CBO predicts revenues on average that are about $120 billion less each year than predicted by the White House.