Sunday, March 07, 2010

Would You Trust a Financial Advisor

... who recommended massive borrowing?
WASHINGTON – A new congressional report released Friday says the United States' long-term fiscal woes are even worse than predicted by President Barack Obama's grim budget submission last month.

The nonpartisan Congressional Budget Office predicts that Obama's budget plans would generate deficits over the upcoming decade that would total $9.8 trillion. That's $1.2 trillion more than predicted by the administration.
Other arguments aside, no matter what the guy said, wouldn't his credibility be destroyed such recommendations? Wouldn't you naturally avoid all other suggestions the fellow made?

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