Monday, May 11, 2009

Yet More Deficit News

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.

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.

1 comment:

Anonymous said...

We inherited this mess. And we're going to keep saying that even if we go 4 trillion.

B.H.O.