Anti Federalist
02-15-2011, 03:32 PM
Probably already posted but bears repeating.
Federal deficit on track for a record this fiscal year
Government debt to exceed U.S. economy
http://www.washingtontimes.com/news/2011/feb/14/debt-now-equals-total-us-economy/
President Obama‘s budget, released Monday, was conceived as a blueprint for future spending, but it also paints the bleakest picture yet of the current fiscal year, which is on track for a record federal deficit and will see the government’s overall debt surpass the size of the total U.S. economy.
Mr. Obama‘s budget projects that 2011 will see the biggest one-year debt jump in history, or nearly $2 trillion, to reach $15.476 trillion by Sept. 30, the end of the fiscal year. That would be 102.6 percent of GDP — the first time since World War II that dubious figure has been reached
Federal deficit on track for a record this fiscal year
Government debt to exceed U.S. economy
http://www.washingtontimes.com/news/2011/feb/14/debt-now-equals-total-us-economy/
President Obama‘s budget, released Monday, was conceived as a blueprint for future spending, but it also paints the bleakest picture yet of the current fiscal year, which is on track for a record federal deficit and will see the government’s overall debt surpass the size of the total U.S. economy.
Mr. Obama‘s budget projects that 2011 will see the biggest one-year debt jump in history, or nearly $2 trillion, to reach $15.476 trillion by Sept. 30, the end of the fiscal year. That would be 102.6 percent of GDP — the first time since World War II that dubious figure has been reached