White House Increases Deficit Forecast by ProQuest

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Obama's first budget, released with the ironic title "A New Era of Responsibility," included a message from the President promising that these were accurate estimates for upcoming deficits: "It looks ahead a full 10 years, making good-faith estimates about what costs we would incur; and it accounts for items that under the old rules could have been left out, making it appear that we had billions more to spend than we really do."

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