Tuesday, February 3, 2015

Obama's Budget-Busting Spending Plan Expected to Balloon Federal Debt to More Than $25 Trillion by 2025

Man, talk about drunken sailors.

The Obama-Dems have no inkling of restraint. None.

See Town Hall, "Obama's record budget: Tax the rich, screw the middle class":
The deficit would remain under $500 billion a year through 2018, but would rise to $687 billion by 2025, according to administration projections — though levels of red ink could still be considered manageable when measured against the size of the economy.

But the cost of financing the government's debt would spiral as the debt grows to more than $25 trillion by 2025 and interest rates rise. According to the projections. Interest costs would jump from $229 billion this year to $785 billion in 2025...
And see the Hill, "President to unveil $4 trillion budget that busts spending limits."

More astronomical budget projections at the Wall Street Journal, "Obama’s 2016 Budget: Behind the Numbers."

And see, "Obama Budget Sets Off Push for Deals: Republicans Dismiss Calls for New Taxes, but Openings for Compromise Are Seen."

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