CBO: Exploding Obama Debt

[worldlymrb]

CBO: Exploding debt under Obama policies

3/16/12 11:29 AM EDT Updated: 3/17/12 11:35 AM EDT

The Congressional Budget Office said Friday that President Barack Obama’s tax and spending policies will yield $6.4 trillion in deficits over the next decade, more than double the shortfall in CBO’s own fiscal baseline — even after taking credit for reduced war costs

Read more: http://www.politico.com/news/stories/0312/74109.html#ixzz1pUeMX02r

THIS INCLUDES a 30% FEDERAL TAX INCREASE ON ALL TAXPAYERS!!

CBO: Taxes Will ‘Shoot Up by More Than 30 Percent’ Over Next 2 Years

January 31, 2012

(CNSNews.com) - The amount of money the federal government takes out of the U.S. economy in taxes will increase by more than 30 percent between 2012 and 2014, according to the Budget and Economic Outlook published today by the CBO.

WHAT ARE THE ODDS THAT SOARING DEBT AND TAXES IS GOOD FOR THE ECONOMY OR THE MIDDLE-CLASS?