Monday, May 11, 2009

The $1.8 Trillion Deficit

It is funny how so many people seem to think this is no big deal. I disagree. Read this:
The White House raised the 2009 budget deficit projection to a staggering $1.8 trillion today. For context, it took President Bush more than seven years to accumulate $1.8 trillion in debt. It also means that 45 cents of every dollar Washington spends this year will be borrowed.
Obama's father was from Kenya but his economic policies are from Zimbabwe.

Plus this:
The government will have to borrow nearly 50 cents for every dollar it spends
Ans you think this will have no consequences ???

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