Update: Deficit for FY 2009 to hit $1.4 trillion, another record: Congress faces hurdles in push for second stimulus…

Update: TOTUS voted against raising the debt ceiling as a Senator. The hypocrisy continues unabated

Another record deficit projection from CBO. Can’t we send TOTUS to the IMF and he can withdraw us from all foreign subsidy obligations the way he does with our defense agreements? I can see it now:

Of course, they are not letting this stop them from adding the ginormous healthcare entitlement to the economy but they appear wobbly on a jobs bill now, figures.

WSJ:

Democratic leaders pressed President Barack Obama on Wednesday to extend more elements of the existing economic-stimulus package, and to possibly add tax cuts that were rejected the first time around, despite a record budget deficit that is giving some lawmakers pause.

On Wednesday, the Congressional Budget Office estimated that the federal deficit for fiscal 2009 will be $1.4 trillion…The figure remains the largest budget deficit, measured as a percentage of gross domestic product, since World War II. That so far isn’t stopping Democratic leaders discussing further stimulus measures.

Worried that the economy isn’t creating jobs, House Speaker Nancy Pelosi (D., Calif.) and Senate Majority Leader Harry Reid (D., Nev.) went to the White House for a hastily planned meeting. White House economists had already embraced extending enhanced unemployment-insurance benefits and subsidies for the purchase of health insurance under Cobra. Both of those measures are currently set to expire Dec. 31.

After the meeting, Mr. Reid made it clear he also wants an extension of a generous tax credit for first-time homebuyers, something the White House was leaning against as too expensive for the number of jobs it might create(…) Go read the entire piece..

They are going to attempt a giant ROADS AND INFRASTRUCTURE BILL now, which is what they CLAIMED was in the giant spendulus package, guess Apollo Alliance didn’t have enough union jobs to warrant any real infrastructure when they wrote our stimulus bill. Frakkers.

October 7, 2009. Tags: CBO 2009 Federal Deficit, COBRA subsidy extension, Congressional Leadership, deficit, deficit spending, Economy, first time homebuyer tax credit extension, housing tax credit, Obama Budget, stimulus COBRA extension, Stimulus Unemployment Extension, The Office, Unemployment extension. Economy, Finance, Housing, Obama Administration, Politics, Unemployment Statistics. 2 comments.