Sunday, April 26, 2009

Debt Day

Today is the day that the government spending exceeds the money you paid it with your taxes (Berman Post: Tax Freedom Day). From now until the end of the fiscal year (September 30), any money the government spends has to be borrowed or printed. This is the earliest Debt Day in history. To give some perspective, notes that "from 2002 until now, it has fallen between July and September".

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