President Barack Obama's budget would generate deficits averaging almost $1 trillion a year over the next decade, according to the latest Congressional Budget Office estimates, significantly worse than predicted by the White House just last month. The CBO predicts Obama's budget will produce $9.3 trillion worth of red ink over 2010-2019 and never go below 4 percent of the size of the economy, figures that economists agree are unsustainable.
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