Thursday, February 17, 2011

Federal deficit on track for a record this fiscal year

http://www.washingtontimes.com/news/2011/feb/14/debt-now-equals-total-us-economy/

Mr. Obama‘s budget projects that 2011 will see the biggest one-year debt jump in history, or nearly $2 trillion, to reach $15.476 trillion by Sept. 30, the end of the fiscal year. That would be 102.6 percent of GDP — the first time since World War II that dubious figure has been reached

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