Hello? Is anybody paying attention?
October 16, 2009Down the memory hole to August 8, 2008….
WASHINGTON, Aug. 9, 2008 (UPI) — The current White House administration has created a major federal deficit by giving financial breaks to the wealthy, U.S. Sen. Barack Obama, D-Ill., said.
The presumptive Democratic presidential nominee said in Saturday’s weekly Democratic Radio Address that President George W. Bush’s administration was to blame for the budget deficit, which is approaching nearly half a trillion dollars.
Obama blamed the ever-expanding deficit on Bush and warned U.S. citizens that he believes presumptive Republican presidential candidate John McCain would bring about more of the same if elected.
Back to the future, October 16, 2009….
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.
A year ago, as the financial crisis hit and the Bush administration prepared massive bailout plans, the deficit was $455 billion.
The Obama administration’s stimulus also contributed to the near $1 trillion higher deficit, as did lower government revenues in the wake of the recession.
In addition, future deficits are currently projected top $9.1 trillion in the coming decade.
James :
Date: October 17, 2009
The arrow should be pointing down towards Hell.
Michael Ejercito :
Date: October 17, 2009
Didn’t some Jew from long ago say that “By what measure you measure, it will be measured to you!”