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Even I can't make something up like this...
The White House figures the government borrowing almost 50 cents for every dollar it spends this year. (let's give out free healthcare ASAP)
The deficit for the current budget year will rise by $89 billion to above $1.8 trillion -- about four times the record set just last year. The unprecedented red ink flows from the deep recession, the Wall Street bailout, the cost of President Barack Obama's economic stimulus bill, as well as a structural imbalance between what the government spends and what it takes in.
As the economy performs worse than expected, the deficit for the 2010 budget year beginning in October will worsen by $87 billion to $1.3 trillion, the White House says.
... and that's from the White House... not the honest opinion. I safely bet LPSG Obamabots will defend to the sword on this one too.
The White House figures the government borrowing almost 50 cents for every dollar it spends this year. (let's give out free healthcare ASAP)
The deficit for the current budget year will rise by $89 billion to above $1.8 trillion -- about four times the record set just last year. The unprecedented red ink flows from the deep recession, the Wall Street bailout, the cost of President Barack Obama's economic stimulus bill, as well as a structural imbalance between what the government spends and what it takes in.
As the economy performs worse than expected, the deficit for the 2010 budget year beginning in October will worsen by $87 billion to $1.3 trillion, the White House says.
... and that's from the White House... not the honest opinion. I safely bet LPSG Obamabots will defend to the sword on this one too.