- Joined
- Apr 1, 2005
- Messages
- 614
- Reaction score
- 31
4 times 2008's record.
Yeah, I know faethor, Bush made Obama do it.
Quote
"Mirroring the unprecedented red ink flowing from America's deep recession, the deficit for the current budget year will rise by $89 billion to $1.84 trillion -- about four times the record set just last year.
The budget also reflects the costs incurred for the Wall Street bailout, President Barack Obama's economic stimulus bill, as well as a structural imbalance between what the government spends and what it takes in."
The only good part about it:
"In one of the few positive signs, the actual 2009 deficit is likely to be $250 billion less than predicted because Congress is unlikely to provide another $250 billion in financial bailout money."
Yeah, I know faethor, Bush made Obama do it.
Quote
"Mirroring the unprecedented red ink flowing from America's deep recession, the deficit for the current budget year will rise by $89 billion to $1.84 trillion -- about four times the record set just last year.
The budget also reflects the costs incurred for the Wall Street bailout, President Barack Obama's economic stimulus bill, as well as a structural imbalance between what the government spends and what it takes in."
The only good part about it:
"In one of the few positive signs, the actual 2009 deficit is likely to be $250 billion less than predicted because Congress is unlikely to provide another $250 billion in financial bailout money."