{"id":3062,"date":"2010-01-08T11:32:03","date_gmt":"2010-01-08T16:32:03","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=3062"},"modified":"2010-01-08T11:36:22","modified_gmt":"2010-01-08T16:36:22","slug":"cbo-paints-grim-budget-picture","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/3062\/cbo-paints-grim-budget-picture\/","title":{"rendered":"CBO Paints Grim Budget Picture"},"content":{"rendered":"<p>The Congressional Budget Office (CBO) has released its <a href=\"http:\/\/www.cbo.gov\/ftpdocs\/108xx\/doc10869\/December2009MBR.pdf\" target=\"_blank\"><span style=\"text-decoration: underline;\">monthly budget review<\/span><\/a>, and once again, the results are not pretty for taxpayers.<\/p>\n<p>For the first quarter of Fiscal Year 2010 alone, CBO estimates a $390 billion budget deficit, or $56 billion more than the record shortfall last year.\u00a0 This year is scheduled to be the largest budget deficit in history, but you wouldn\u2019t know it the way <a href=\"http:\/\/cfif.org\/v\/freedom_line_blog\/2887\/obama-labeling-it-a-victory-doesnt-make-it-one\/\" target=\"_blank\"><span style=\"text-decoration: underline;\">Congress is spending<\/span><\/a>.<\/p>\n<p>The November and December results were actually worse than CBO had originally predicted.\u00a0  The U.S. ended November with a $120 billion shortfall, or $5 billion more than original projections.\u00a0  In December, CBO estimates a $92 billion deficit but that figure is likely to grow larger when the actual numbers are released next month.<\/p>\n<p>The response from Congress and the White House?\u00a0  Crickets.\u00a0  It appears that accelerating our national debt and printing more money is still the <em>raison d\u2019\u00eatre<\/em> in our nation\u2019s capital.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Congressional Budget Office (CBO) has released its monthly budget review, and once again, the results are not pretty for taxpayers. For the first quarter of Fiscal Year 2010 alone, CBO estimates a $390 billion budget deficit, or $56 billion more than the record shortfall last year.\u00a0 This year is scheduled to be the largest [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[440,40,59],"class_list":["post-3062","post","type-post","status-publish","format-standard","hentry","category-posts","tag-cbo","tag-congressional-budget-office","tag-deficit"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/3062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=3062"}],"version-history":[{"count":2,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/3062\/revisions"}],"predecessor-version":[{"id":3064,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/3062\/revisions\/3064"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=3062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=3062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=3062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}