Secretary of “Oops!”
Where the misses just keep on comin’:
To put these numbers in context, bear in mind that last year’s deficit of $459 billion was the largest on record.
In a new report that provides the first independent analysis of President Obama’s budget request, the nonpartisan Congressional Budget Office predicted that the administration’s agenda would generate deficits averaging nearly $1 trillion a year over the next decade — $2.3 trillion more than the president predicted when he unveiled his spending plan just one month ago.
And while Obama would come close to meeting his goal of cutting the deficit in half by the end of his first term, the CBO predicts that the nation’s annual operating deficit would never drop below 4 percent of the overall economy over the next decade, a level administration officials have said is unsustainable because the national debt would grow too rapidly.
By the CBO’s estimate, for example, the nation’s debt would grow to 82 percent of the overall economy by 2019 under Obama’s policies, compared with a pre-recession average of 40 percent…
Last year’s deficit was the largest on record—but is half of what the average will be for the foreseeable future.
Got that?
And the Secretary of Insolvency can’t keep his dates straight:
A journo asked Gibbs about the Geithner date discrepancies (March 10? March 3?) Gibbs replied, and I quote: “Uhhh…uhhhh…uhhh…uhhh.”
…
Another journo asked why Gibbs himself used the erroneous March 10 date that Geithner is sticking to even now despite the House hearing video that exposes that lie.
More deflection and uhhhs.
Sounds like Obama without his Teleprompter.
