AUGUST 26, 2009
Decade of Debt: $9 Trillion
BY JONATHAN WEISMAN AND DEBORAH SOLOMON
Plunging tax receipts, soaring spending and a sluggish recovery will push the nation's deficits dramatically higher over the next decade, creating new complications for President Barack Obama's domestic agenda.
The deteriorating budget picture, detailed Tuesday in separate White House and congressional reports, comes just as Democrats and Republicans prepare to resume the battle over Democratic plans to spend $1 trillion overhauling the nation's health-care system.
The numbers -- including a White House forecast of $9 trillion in additional debt over the next decade -- could affect Mr. Obama's efforts to increase spending in a host of areas, from education to ...
Source: http://online.wsj.com/article/SB125119686015756517.html
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