White House: Budget deficit to top $1.8 trillion

Associated Press ^ | May 11, 2009 | Andrew Taylor

[silverleaf]

how long will the public swallow the excuse that this mess was “inherited” and thus, the fault of President Bush?

[Mad_Tom_Rackham]

With the FEDGOV borrowing 50 cents on the dollar, would that put them at 30% of the US economy?

[Juan Medén]

I get sick reading this. And what makes it worse is that 99% of the studid generation (as opposed to the greatest generation) would still vote for Obama’s sloganeering hope and change. What’s a person to do?

[Landru]

"how long will the public swallow the excuse that this mess was “inherited” and thus, the fault of President Bush?"

Exactly as long as it takes zerO & Co implement their agenda.
Not a moment longer.

[ClearCase_guy]

The entire budget for 2000, submitted by President Clinton, was $1.8B.

Now, that's just the amount we can't actually pay for.

What a difference 10 years makes.

[MadIsh32]

We must we must defeat this man in 2012, or there will be no country in 2016.

1.8, then 1.3, will we ever have any fiscal sanity again?

I can’t believe the last 8 years were such a disaster to allow this man to become President

[george76]

No wonder the Chinese Communists do not want our Treasury paper

[Oldeconomybuyer]

About 40% of workers pay no federal income tax and just L-O-V-E FREE STUFF!.

[scooby321]

Jimmy Carter interest rates to follow.

[9YearLurker]

I think you might mean $1.8T.

[ClearCase_guy]

D’oh!

[KarlInOhio]

What happens when the Chinese say "No!" to more lending?

Or, perhaps worse, what happens if they say "Yes, but only if you do ...."?

[kabar]

And about 80% of Americans pay more in payroll taxes than they do in income taxes.

[george76]

The Federal Reserve has and will have to *buy* the excess Treasury paper.

Like a snake eating its own tail.

What could go wrong ?

/s

[chpmass]

And Obama is pushing full speed ahead with nationalized health care and cap and trade.

[george76]

To faster destroy the economy ?

nationalized health care and cap and trade ( doubles utility bills )

[marvlus]

Oh what the hell, it’s only money.

[Joiseydude]

White House: Budget deficit to top $1.8 trillion

Surprise, surprise! /sarc

[DonaldC]

It was amazing to me how 3.9% unemployment and $400B in deficits during Bush was the worst economy since the depression, but now with unemployment at 9-15% and $2T deficits, things are looking up. I don’t understand the math.