Obama’s First Two Years Will Boast Two Biggest Deficits Since World War II, Says CBO

Tuesday, January 26, 2010
By Terence P. Jeffrey, Editor-in-Chief

(CNSNews.com) - President Barack Obama’s first two years in office will boast the two biggest annual federal budget deficits since World War II, when measured as a share of GDP, says the Congressional Budget Office.

“Last year’s deficit was the largest as a share of GDP since the end of World War II, and the deficit expected for 2010 would be the second largest,â€