Obama’s Headwinds

Federal Reserve Lowers Economic Outlook for Rest of Year (FoxNews.com)

This comes the same day the CBA announced:
By the end of this year, the Congressional Budget Office (CBO) projects, federal debt will reach roughly 70 percent of gross domestic product (GDP)

At the end of 2008, that debt equaled 40 percent of the nation’s annual economic output. That’s a 30% increase in just these last three years.

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