It is probably just as well that President Obama is south of the border as the Congressional Budget Office says that his estimates of the deficit are $2.3 trillion short - giving the Tea Party something to bludgeon the GOP with to make more budget cuts.
The difference is chiefly because CBO has a less optimistic estimate of how much the government will collect in tax revenues, partly because the administration has rosier economic projections.
But the agency also rejects the administration's claims of more than $300 billion of that savings - to pay for preventing a cut in Medicare payments to doctors - because it doesn't specify where it would come from. Likewise, CBO fails to credit the White House with an additional $328 billion that would come from unspecified "bipartisan financing" to pay for transportation infrastructure projects such as high speed rail lines and road and bridge construction.
I agree with you. This type of projects should be encouraged and I think that these type of projects are the projects for the future. . . . .
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Posted by: RetroFoam insulation Toledo | March 14, 2012 at 11:29 AM