The Congressional Budget Office estimates that the deficits that President Obama proposes between 2011 and 2020 come to a staggering $126,000 per family of four (see Table 1-3 and divide the total deficits by 310 million than multiple by four). That is on top of the $35,000 per family already chalked up under the first two years of Obama’s administration.
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So how big is that deficit?
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