“The nonpartisan Congressional Budget Office projected Wednesday (8/22/2012) that the deficit for 2012 will run $1.1 trillion, the fourth year in a row the shortfall will exceed $1 trillion.
The projection is down a bit from an earlier estimate pegging the deficit this year at $1.2 trillion.”
Thought the deficit was about $2T. [shrug] Depends on how you squint at it perhaps. A trillion here, a trillion there, eventually you’re talking about serious money.
Actually the link helps. My favorite Leftist was disputing Mitt’s claim the Fed is buying 75% of Treasury bonds. Nice to see the CBO confirm it’s really about 100%.