The Congressional Budget Office (CBO) reports that the federal budget deficit has reached a once-unthinkable $1.3 trillion, thanks to the Democrats’ spending binge that has even made some in Washington blush, and it’s going to go even higher.  While the Administration attempts to rewrite history on its trillion-dollar “stimulus” spending bill, the fact is that it has not provided a “jolt” to our economy.  It has not created jobs immediately.  And it certainly has not held unemployment below eight percent, as the Administration promised it would earlier this year.  Instead, it has only added more red ink that ultimately will be inherited by our children and grandchildren.  Dow Jones reports on the CBO news and how its forecast shows the deficit could reach $1.8 trillion this year:

With today’s jobs report confirming that more than two million Americans have lost their jobs since the “stimulus” became law, Americans are asking “where are the jobs?”  And as House Republican Leader John Boehner (R-OH) noted this morning, they’re also wondering where their tax dollars are going:

Washington Democrats are poised to add even more to the deficit through their government-run health care experiment.  CBO estimates that the Democrats’ government takeover of health care will add $239 billion to the deficit over the next 10 years, with even larger deficits in the years that follow.  That’s why a recent poll from Quinnipiac University shows Americans are increasingly concerned that the Democrats’ health care plan will add to the deficit.  And on the jobs front, the news is no better.  According to a model developed by Dr. Christina Romer, the chair of the White House Council of Economic Advisors, the Democrats’ health care plan will destroy as many as 5.5 million American jobs over the next 10 years. 

Families and small businesses across America are hurting during this recession, but the Democrats running Washington have only made matters worse by pursuing a job-killing agenda that will make it harder than ever for small businesses to succeed.  And the price tag of this agenda is burying future generations under deeper and deeper debt from which they will find it nearly impossible to emerge.  When are Democratic leaders in Congress and the Administration going to stop moving the goalposts on their “stimulus” promises and start working with Republicans on real reforms to help small businesses create jobs, curb the debt, and expand Americans’ access to affordable health care?