Last year the federal government had a deficit of $161 billion. This year we will have a deficit of $407 billion which by most calculations is $246 billion more in one year!The federal agency cites a substantial increase in spending and substantial decrease in revenue growth as the reason for this - Really?? I would have never figured that out!
By the way, that figure does not take into account the takeover this week of the two mega-mortgage folks - Fannie Mae & Freddie Mac. That should add a few bucks to the debt. Sheesh!!!
I don't think the feds use the same bank I do. My bank has a tendency to get nasty if I'm $3.00 overdrawn.
No comments:
Post a Comment