Obama Says U.S. Long-Term Debt Load ‘Unsustainable’

No kidding Hussein .... welcome to reality.

And yet ....

The Obama administration revised its own budget estimates and raised the projected deficit for this year to a record $1.84 trillion, up 5 percent from the February estimate.

The revision for the 2010 fiscal year estimated the deficit at $1.26 trillion, up 7.4 percent from the February figure.

The White House Office of Management and Budget also projected next year’s budget will end up at $3.59 trillion, compared with the $3.55 trillion it estimated previously.

Two weeks ago, the president proposed $17 billion in budget cuts but Obama is seeking an $81 billion increase in other spending.