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2009 Budget deficit to be $1.2 Trillion?

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.

http://news.yahoo.com/s/ap/20090107/ap_on_go_co/budget_deficit

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."

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"trillion-dollar deficits for years to come."

As if they are unavoidable. God it makes me sick.

http://federalfallacy.com