You wonder why the TEA Party movement is so strong? Andrew Taylor, writing for the AP in a piece published on Yahoo's Finance page, gives just a few of the reasons.
Mirroring the unprecedented red ink flowing from America's deep recession, the deficit for the current budget year will rise by $89 billion to $1.84 trillion -- about four times the record set just last year...
For the current fiscal year that ends on Sept. 30, the government would borrow 46 cents for every dollar it takes to run the government under the administration's plan...
Annual deficits would never dip below $500 billion and would total $7.1 trillion over 2010-2019. Even those dismal figures rely on economic projections that are significantly more optimistic...than those forecast by private sector economists and the Congressional Budget Office...
Also new are several tax "loophole" closures and increased IRS tax compliance efforts to raise $58 billion over the next decade to help finance Obama's health care measure...
