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CBO: Obama’s Spending Policies Will Boom Deficit To $6.4 Trillion

Here is yet another campaign ad for the Republicans this November.

The nonpartisan Congressional Budget Office has basically said that if Obama remains president, his policies will explode the deficit to $6.4 trillion. (A great campaign talking point for the Republicans.)

The Congressional Budget Office said Friday that President Barack Obama’s tax and spending policies will yield $6.4 trillion in deficits over the next decade, more than double the shortfall in CBO’s own fiscal baseline — even after taking credit for reduced war costs.