Saturday, October 17, 2009

Deficit for Fiscal Year 2009 is $1.42 Trillion

The deficit for the 2009 fiscal year is a record breaking, mind blowing, $1.42 trillion. That is more than triple the previous record set just last year. If the government does not cut back on this deficit spending, significant inflation could become a real problem right as the economy begins to turn itself around.

http://content.usatoday.com/communities/theoval/post/2009/10/620000005/1

"The Obama administration has released new deficit numbers, and they are not pretty.

The deficit for Fiscal Year 2009, which ended Sept. 30, came in at a record $1.42 trillion, more than triple the record set just last year.

In addition, future deficits are currently projected to total $9.1 trillion in the coming decade.
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