Obama administration's deficit projections wrong, says CBO

While the President says his health care reform bill will reduce the deficit, he's actually planning on spending us into oblivion. The CBO says his administration miscalculated deficit projections for the next ten years, via the Washington Times:

In its 2011 budget, which the White House Office of Management and Budget (OMB) released Feb. 1, the administration projected a 10-year deficit total of $8.53 trillion. After looking it over, CBO said in its final analysis, released Thursday, that the president's budget would generate a combined $9.75 trillion in deficits over the next decade.