Obama's Budget Deficits

According to the Congressional Budget Office, President Obama's budget will produce $9.3 trillion worth of red ink over the next 10 years. The CBO says that is $2.3 trillion worse than the White House predicted. Economists say that amount is "unsustainable." Unsustainable? What does that mean? What is the end result of continuing down this path? Meanwhile, politicians in Washington wail and gnash their teeth over AIG bonuses but give no thought to spending money on things we don't need with money we don't have.

read the CBO report