On the recordJanuary 7, 2009
CBO's estimate showed the deficit in 2009 would be approximately $1.2 trillion, and that is before any policy changes.
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congress.govCBO's estimate showed the deficit in 2009 would be approximately $1.2 trillion, and that is before any policy changes.
Kent Conrad discusses the alarming deficit forecast for 2009.
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I think there is just a tremendous opportunity here, and I really applaud the two of you for doing this in a bipartisan way.
I wish I could look you in the eye and say, you know, if we just had the will, we could reverse this, and we could go back to a time when defined benefit plans were on the increase. I do not think that is in the cards.