2009 Budget deficit to be $1.2 Trillion?Submitted by austrianschool on Wed, 01/07/2009 - 11:48
Here's a story regarding a CBO projection on the F.Y. 2009 budget and how much additional bonded debt is going to dumped on us.
Trillions are now the new Billions.
From the article:
The dismal figures come a day after President-elect Barack Obama warned of "trillion-dollar deficits for years to come."