21 November, 2009

The Coming Deficit Disaster

This is what scares the living crap out of me right now. From The Wall Street Journal:

Our fiscal situation has deteriorated rapidly in just the past few years. The federal government ran a 2009 deficit of $1.4 trillion—the highest since World War II—as spending reached nearly 25% of GDP and total revenues fell below 15% of GDP. Shortfalls like these have not been seen in more than 50 years.

The Coming Deficit Disaster

1 comment:

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