rawstory.com - 1/7/2009
—
The provisional US budget deficit in 2008/2009 will balloon to a record 1.2 trillion dollars, the Congressional Budget Office said Wednesday. The deficit for the fiscal year 2007/2008 which ended in September reached 438 billion dollars, or 3.1 percent of the nation's gross domestic product, the ...
washingtonpost.com - 1/7/2009
—
washingtonpost.com —
Comments that include profanity or personal attacks or
other inappropriate comments or material will be removed from...
the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ...
(more)
Report Places 2009 Budget Deficit at $1.2 Trillion
usatoday.com - 1/6/2009
—
usatoday.com —
Two weeks before he takes office, Obama said
his budget aides told him that he will inherit...
huge deficits following the government's multibillion-dollar financial bailouts. He vowed to block pet projects sought by members of Congress, known as ...
(more)
Obama predicts $1 trillion deficit 'for years to come'
Comments
Blog Reactions
U.S. Deficit to Hit 1.2 Trillion Dollars: Budget Office
Democratic Underground Latest Breaking News —
... office, the deficit will fall to around 700 billion dollars, which is still one of the highest budget deficits in the nation's history. President-elect Barack Obama on Tuesday reluctantly acknowledged that he would likely inherit an economy on course for a trillion dollar deficit as he takes office. "One of the measures of irresponsibility that we've seen is the enormous federal debt that has accumulated, a number that has doubled in recent years," he told reporters. Read more: http://rawstory.com/news/afp/US_deficit_to_hit_1_2_tril...
Tough Times
The Reaction —
... #" (1/9/09). I am not sure I would go that far, but I am of an optimistic nature. The Raw Story reports, "US deficit to hit 1.2 trillion dollars: budget office*" (1/7/09). This bothers me a great deal, as I am a saver by nature. And TruthOut ran this story earlier: " ...
Related Content
Deficit likely to hit $1.8 trillion in 2009.
thinkprogress.org 3/20/2009 — Later today, the Congressional Budget Office (CBO) will be releasing a report projecting the federal deficit. According to aides on Capitol Hill, it will likely reach $1.8 trillion this year, and fall to $1.4 trillion in 2010. The CBO’s ...
Budget Deficit to Hit $1.75 Trillion
online.wsj.com 2/26/2009 — Obama's budget blueprint, due out later Thursday, provides the government an additional $250 billion if it needs to stabilize banks and the financial system. The budget deficit is expected to hit $1.75 trillion this year.
What does one TRILLION dollars look like?
theospark.net 3/9/2009 — All this talk about "stimulus packages" and "bailouts"... A billion dollars... A hundred billion dollars... Eight hundred billion dollars... One TRILLION dollars... What does that look like? I mean, these various numbers are tossed around like so ...
Deficit Forecast to Hit $1.8 Trillion
online.wsj.com 3/23/2009 — The CBO revised its budget deficit forecast to $1.8 trillion for the current fiscal year, but Orszag said it won't keep the administration from accomplishing its goals.
How to Spend a Trillion Dollars
time.com 1/16/2009 — That's how much money Barack Obama says is needed to kick-start the economy. How he spends it could determine the fate of his presidency
U.S. Budget Deficit Hit Record $1.4 Trillion in 2009 - Political News
foxnews.com 10/8/2009 — 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 ...
The $1.8 Trillion Deficit
corner.nationalreview.com 5/11/2009 — The White House raised the 2009 budget deficit projection to a staggering $1.8 trillion today. For context, it took President Bush more than seven years to accumulate $1.8 trillion in debt. It also means that 45 cents of every dollar Washington spends ...
Paulson leaves rescue funds up to Obama team —
Reuters: Politics 1/7/2009
WASHINGTON (Reuters) - President-elect Barack Obama is the "decision maker" in spending the rest of a $700 billion financial bailout fund, but should consider continuing bank capital injections, outgoing U.S. Treasury Secretary Henry Paulson said on ...
Transition to Power: Presidential power lunch —
CNN Political Ticker 1/7/2009
(CNN) — President-elect Barack Obama, President Bush and all of the surviving past presidents got together Wednesday for a historic meeting at the White House.
"One message that I have, and I think we all share, is that we want you to succeed. ...
Follow BeltwayBlips on Twitter
