As Maxwell Smart Would Say...

"Missed it by that much!"

The federal government faces exploding deficits and mounting debt over the next decade, White House officials predicted Tuesday in a fiscal assessment far bleaker than what the Obama administration had estimated just a few months ago.

Figures released by the White House budget office foresee a cumulative $9 trillion deficit from 2010-2019, $2 trillion more than the administration estimated in May. Moreover, the figures show the public debt doubling by 2019 and reaching three-quarters the size of the entire national economy.

This follows what I had been thinking lately. I would be fired if my budgeting and estimating were off by these kinds of percentages after only a few months. Heaven only knows how much the deficit will actually grow in a year.