AP: GOP predicts doomsday if Obama budget passes Associated Press

Published: Monday March 23, 2009





Print This Email This Congressional Republicans on Sunday predicted a doomsday scenario of crushing debt and eventual federal bankruptcy if President Barack Obama's massive spending blueprint wins passage.



But a White House adviser dismissed the negative assessments, saying she is ''incredibly confident'' that the president's policies will ''do the job'' for the economy.



White House Council of Economic Advisers chairwoman Christina Romer insisted that the nation's flailing economy will be rebounding by 2010.



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