The $1.7 trillion federal deficit is now coming in at $1.8 trillion.
The additional amount is five times the savings of $17 billion proudly announced by the Obama earlier this week.
The additional amount is five times the savings of $17 billion proudly announced by the Obama earlier this week.
Uncle Sugar is now borrowing 46 cents of every dollar spent.
That's $6000 in deficit per American citizen. Just this year, of course.
WaPo quotes the blog of White House Budget Director Peter Orszag: "The deficits ... are driven in large part by the economic crisis inherited by this administration."
OK, that makes us feel better.
No comments:
Post a Comment