Translate

Wednesday, January 26, 2011

Obama Raises 2010 Budget Deficit Estimate to $1.5 Trillion

The Congressional Budget Office now predicts the federal deficit for the current fiscal year will hit $1.5 trillion, a modern record.

Obama supporters must be very proud.

The record deficit means the government will borrow 40 cents for every dollar it spends.

Heckavu job, Barack.

Read more about Obama's red ink at Bloomberg.com

No comments: