Obama’s first year nearly bankrupts the treasury

October 17, 2009

No matter what side of the political fence you are on, if this doesn’t make you angry at our elected officials, nothing will.

US_Budget_Deficit

The Wall Street Journal

Deficit of $1.4 Trillion Limits Democrats

By JOHN D. MCKINNON

WASHINGTON — The Treasury said the U.S. ran its biggest budget deficit since World War II, a record that promises to complicate Democrats’ efforts to enact their agenda.

The Treasury Department reported that the deficit for the 2009 fiscal year ended Sept. 30 came in at about $1.4 trillion, or about 10% of the U.S.’s gross domestic product. Read the rest of this entry »


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