http://news.yahoo.com/s/ap/us_obama_budget
"The government will have to borrow nearly 50 cents for every dollar it spends this year, exploding the record federal deficit past $1.8 trillion under new White House estimates. Budget office figures released Monday would add $89 billion to the 2009 red ink â increasing it to more than four times last year's all-time high as the government hands out billions more than expected for people who have lost jobs and takes in less tax revenue from people and companies making less money."
There it is running the deficit at 4 times last years rate, but hey, thats just grasping at straws. The CBO said this hurts growth, but thats just grasping at straws too.
"The government will have to borrow nearly 50 cents for every dollar it spends this year, exploding the record federal deficit past $1.8 trillion under new White House estimates. Budget office figures released Monday would add $89 billion to the 2009 red ink â increasing it to more than four times last year's all-time high as the government hands out billions more than expected for people who have lost jobs and takes in less tax revenue from people and companies making less money."
There it is running the deficit at 4 times last years rate, but hey, thats just grasping at straws. The CBO said this hurts growth, but thats just grasping at straws too.