Feds Drowning in Red Ink
Posted on May 12th, 2009 by Admin
May 12, 2009
NY Post
WASHINGTON — With the economy performing worse than hoped, revised White House figures point to deepening budget deficits, with the government borrowing almost 50 cents for every dollar it spends this year.
The deficit for the current budget year will rise by $89 billion to above $1.8 trillion — about four times the record set just last year.