Posted on 07/23/2010 12:10:35 PM PDT by Free ThinkerNY
WASHINGTON (AP) -- The White House says the government is now borrowing 41 cents of every dollar it spends.
New estimates predict the unemployment rate will average 9 percent next year and the budget deficit will be $1.42 trillion - even bigger than previously expected.
(Excerpt) Read more at hosted.ap.org ...
Was this “unexpected”?
And they are friggin’ proud of it!
Back from the brink.
I thought they said they had deficits going down? lol
Bush’s fault....... =.=
Another Friday afternoon bad news story dump. Forgotten by Monday.
Just make it three trillion and be done. It is annoying how these folks come out with another number every week. Obama is spending us into the ground and there is no stopping it at least in the near future so just say 3 trillion and when he spends 1.5 trillion people won’t have heart attacks worrying about it.
If I did the math right that’s almost $5,000 for every single person in the United States.
And they keep on spending. The WH and the democraps are totally responsible for the economic disaster ahead.
All you young people who voted for this, enjoy servitude and your nightmares.
1470 BILLION DOLLARS!.............
Yee Haa!
Recovery Summer!
Sadly, those young people will not see your message.
If the Federal Reserve didn’t exist, this could not happen.
Massive deficits like this would be impossible. The Gov’t would have to borrow from private savers, and interest rates would immediately show the result. No FED - and you have no bail-outs, no funding of Progressive social schemes, no debasement of the currency and wages.
They sure seem happy about it don’t they?
But, but Obama tells us we are in RECOVERY mode!
Did he mean recovery mode FROM working?
Did he mean we are finally falling in line to most of us being dependent on HIM?
“And they are friggin’ proud of it!”
That’s what so galling!
I can’t fathom being happy about that.
let’s see.... $14 trillion in debt, if interest rates hit 10% due to the gov’ts inflationary policies and that would be $1,400 billion in interest.
How much is our total revenues for this country excluding Social Security which is now operating at a deficit?.... I think it was about $930 billion last year.... We are beyond sunk!
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