Sunday, August 30, 2009

Catching up with financials

  • The Obama administration admitted that their estimated 10-year budget deficit was off by $2 trillion.
  • The budget czar is Peter Orszag.
  • President Obama reappoints Bernanke as Fed Chair.
  • The 2009 budget deficit balloons to $1.6 trillion (3 times the 2008 deficit).
  • We're drowning in a sea of red ink according to one national magazine.

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