Can't say I'm surprised

From Donny Baseball and Tyler Durden we learn that the Congressional Budget Office says His Imperial Majesty Barack Hussein Obama I has a bit of a rounding error when it comes to his deficit estimate.


From Bloomberg:

Obama Budget Underestimates Deficit Over 10 Years, CBO Says

 March 5 (Bloomberg) -- President Barack Obama’s  budget proposal would generate bigger deficits than advertised each year for the next decade, with the 10-year shortfall totaling $1.2 trillion more than the administration estimated, according to the Congressional Budget Office.

The nonpartisan CBO, in an annual analysis of the White House budget proposal, said today that under Obama’s plan deficits would never shrink below 4 percent of the economy between now and 2020. The cumulative deficits would total $9.76 trillion, and debt held by the public would amount to 90 percent of the nation’s gross domestic product by 2020, the CBO said.

Emphasis added.  The Tyler Durden (Zero Hedge) piece has a copy of the report/letter.

Perhaps His Imperial Majesty should consider a change of his motto from "True Opossum" or however that translates, to "Apres moi, le deluge."