On Tuesday, the Congressional Budget Office projected a deficit of $1.1 trillion in 2012, jobless rates to stay well above 8.0 percent and economic growth to stay around two percent. Nebraska Sen. Mike Johanns says these numbers prove that the Obama agenda is not working and is actually making things much worse. Johanns is stunned that Obama hardly even referenced deficits in his State of the Union speech. He also says projections of much lower deficits in the coming years will not happen because those estimates assume all of the Bush tax cuts will expire. Johanns says scrapping the Bush tax cuts would depress our economy. He also gives a glimpse at the fiscal restraint Senate Republicans will be advocating this year.
