Too Much Hope? Why Obama's Budget Is Unrealistic


The Obama administration earlier this week released its proposed budget for the 2011 fiscal year which starts Oct. 1, 2010. The numbers are daunting: A $3.8 trillion federal budget for next year, with a projected $1.3 trillion deficit on top of tax revenues of $2.5 trillion. The current fiscal year 2010 deficit is expected to reach $1.6 trillion.