CHART OF THE DAY: The White House Caves On The Deficit

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Today The White House confirmed news that leaked last Friday, about the deficit being wider than they had previously estimated. As you can see, while the deficit as a percentage of GDP has been revised down for this year — due to less bailout spending — it’s been bumped up every year going out to 2019. Next year the hike is big — from 8.6% to 10%.

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