greta: we have bad news and worse news. the cbo estimates 2010 deficit will total more than 1.3 trillion dollars. and the 2011 about one trillion dollars. sadly it gets worse. steve moore joins us live. how can that get worse? well, think about this, three worst years for the budget deficit in american history, 2009, barack obama s first year 1.4 trillion. second was 2010 when we had 1.3 trillion. 2011 projecting over a trillion that doesn t include the extension of the bush tax cuts for the middle class which everyone knows is going to if you add that the deficit in 2011 is going to be closer to 1.3 trillion.
greta: we have bad news and worse news. the cbo estimates 2010 deficit will total more than 1.3 trillion dollars. and the 2011 about one trillion dollars. sadly it gets worse. steve moore joins us live. how can that get worse? well, think about this, three worst years for the budget deficit in american history, 2009, barack obama s first year 1.4 trillion. second was 2010 when we had 1.3 trillion. 2011 projecting over a trillion that doesn t include the extension of the bush tax cuts for the middle class which everyone knows is going to if you add that the deficit in 2011 is going to be closer to 1.3 trillion.