Jacobs 90045's List: Budget Deficit

President Barack Obama's budget proposals, if carried out, would produce a staggering $9.3 trillion in total deficits over the next decade, much more than the White House has predicted, the Congressional Budget Office said on Friday.\n\nThe office's estimates of deficits in the fiscal years 2010 through 2019 "exceed those anticipated by the administration by $2.3 trillion."\n\nThe deficits under the Obama plan would be $4.9 trillion more than the projected deficits if there were no changes in current laws and policies - what the nonpartisan budget office calls its baseline assumption.