Obama Budget Deficits

The budget proposed by President Obama for 2010 and beyond will average $1 Trillion in deficits each year, according to the Congressional Budget Office.

The Congressional Budget Office figures, obtained by The Associated Press Friday, predict Obama's budget will produce $9.3 trillion worth of red ink over 2010-2019. That's $2.3 trillion worse than the White House predicted in its budget.

Worst of all, CBO says the deficit under Obama's policies would never go below 4 percent of the size of the economy, figures that economists agree are unsustainable. By the end of the decade, the deficit would exceed 5 percent of gross domestic product, a dangerously high level.

It took us 40 years to get to a national debt of $11 Trillion. If these plans are adopted, it will take only 9 more years to get to $20 Trillion.