U.S. Budget Deficit Surpasses $1 Trillion

And how many NEW jobs???

Quote :

The U.S. budget deficit topped $1 trillion in June -- with three months still to go in fiscal 2009.

The Treasury Department reported Monday that the budget deficit for the first nine months of fiscal 2009 totaled $1.086 trillion. The deficit for the first nine months of fiscal 2008 was $286 billion, en route to $459 billion for the full year, a nominal record that has been smashed this year.

During the first nine months of the fiscal year, the federal government borrowed more than 40 cents for each dollar it spent.
http://www.washingtontimes.com/news/2009/jul/14/2009-us-budget-deficit-surpasses-1-trillion/

Yup. Staving off a collapse is rather expensive. We'll see if it works.

It also takes more than 6 or 7 months to fix what took 8 years to F'up by Bush & Co.

Heard on the news yesterday that one of the reasons for the budget deficit is decreased tax revenues...shocking isn't it.

Hey I know how to fix it, let's give the top 2% & Exxon Mobil a few more billion in tax breaks.