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Lamont Sanford
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Last seen: 2 days 11 hours ago
Joined: Mar 31 2006 - 8:32pm
US to borrow 46 cents for every dollar spent


Quote:

May 11, 7:10 PM (ET)

By ANDREW TAYLOR

WASHINGTON (AP) - The government will have to borrow nearly 50 cents for every dollar it spends this year, exploding the record federal deficit past $1.8 trillion under new White House estimates. Budget office figures released Monday would add $89 billion to the 2009 red ink - increasing it to more than four times last year's all-time high as the government hands out billions more than expected for people who have lost jobs and takes in less tax revenue from people and companies making less money.


http://apnews.myway.com//article/20090511/D984B0O00.html

bifcake
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Joined: Nov 27 2005 - 2:27am
Re: US to borrow 46 cents for every dollar spent

Desperate times call for desperate measures.

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