The U.S. government's budget deficit in 2008 was $450 billion. (Link here.)The deficit in 2009 ballooned. It more than tripled to over $1.4 trillion. (Link here.)
After Barack Obama's State of the Union speech, where he portrayed himself as as deficit hawk, you would expect the deficit to go down, right? Not so much.
The White House is projecting a budget deficit for 2010 of $1.6 trillion. (Link here.)
Will enough ever be enough?
This can't continue. Cut now.
No comments:
Post a Comment