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News The Skyrocketing Deficit: How Scared Should We Be?

The Skyrocketing Deficit: How Scared Should We Be? The Skyrocketing Deficit: How Scared Should We Be?

Submitted by Cap Hill Junkie | 3 months ago

Politics Daily - The good news expected from OMB: Apparently the federal deficit will be $1.58 trillion, instead of $1.8 trillion, for the fiscal year that ends Sept. 30.

The bad news: That's still really, really terrible.

The worse news: Over the next 10 years, we thought the government was on track to spend $7.1 trillion more than it takes in. But now OMB thinks it's looking more like $9 trillion.

Tags: spending, deficit, policy, money, budget

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Patriot Watch (Independent) - 3 months ago

It5's ok he will raise tax. bush tax cuts expire soon and ALL Americans get a tax raise. than they will shove cap & trade down our throat and there will be even less jobs.

Rose said the economy is coming back thou

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Elitheros (Libertarian) - 3 months ago

Oh.. how those numbers make my stomach turn and my head throb like there's not tomorrow!

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