We learned that the next budget deficit will be US$ 1.4 trillion:
"New estimates from the White House on Friday predict the budget deficit will reach a record $1.47 trillion this year.
"New estimates from the White House on Friday predict the budget deficit will reach a record $1.47 trillion this year.
The government is borrowing 41 cents of every dollar it spends." (AP)
Why is this happening?
We are not collecting enough taxes because of unemployment and a sluggish recovery.
We are also spending way too much money and expanding government.
Again, don't you miss Bush deficits?
