CBO: Budget Deficit Hit Record $1.4 Trillion in 2009

[FUZO]

TweetCBO: Budget Deficit Hit Record $1.4 Trillion in 2009

And you friggin lberals think he is helplng america. Just like it said,The previous record deficit was $459 billion and was set just last year. And now with this scum bag 1.4 trillion and lets not count god forbid that gov run health care happens then see that number climb but it wont happen.Change my ass yeah for the worse.This scum bag president is worse the bush



WASHINGTON -- The federal budget deficit tripled to a record $1.4 trillion for the 2009 fiscal year that ended last week, congressional analysts said Wednesday.

The Congressional Budget Office estimate, while expected, is bad news for the White House and its allies in Congress as they press ahead with healthcare overhaul legislation that could cost $900 billion over the next decade.

The unprecedented flood of red ink flows from several factors, including a big drop in tax revenues due to the recession, $245 billion in emergency spending on the Wall Street bailout and the takeover of mortgage giants Fannie Mae and Freddie Mac. Then there is almost $200 billion in costs from President Barack Obama's economic stimulus bill, as well as increases in programs such as unemployment benefits and food stamps.


The previous record deficit was $459 billion and was set just last year.

[firstenrgy]

TweetThe dollar is getting crushed day by day because of this. Not 1 liberal network talks about it.

[firstenrgy]

TweetVery Sad!