Reuters: The Obama administration will raise its 10-year budget deficit projection to roughly $9 trillion from $7.108 trillion in a report next week, a senior administration official told Reuters on Friday.
"The new forecasts are based on new data that reflect how severe the economic downturn was in the late fall of last year and the winter of this year," said the official, who is familiar with the plans.
Whoa. That's quite a hike. Two trillion bucks. $2000000000000.00. Or two million million. However you look at it, what did this new data do, fall out of the sky and land in the Oval Office with an announcement of, "Sorry! Forget to tell you?" 2009 is winding down and we're still finding out just how bad 2008 was. Interesting. Equally interesting that this kind of news always comes out at the end of the week.
It seems like only a month ago the administration used the "worse than we thought" excuse. But I'm wrong. It wasn't a month ago. It was three weeks ago.
In other news, the guy who made that Obama Joker poster got outed. Turns out he's just some guy in Chicago that kind of likes Obama, kind of doesn't.
As for me, I think I know what the Joker makeup on that poster symbolizes. Take it away, Joel...
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