Glenn Reynolds, the Instapundit, blogs about an AP article that says President Obama and the 110th Congress have reached a major milestone in American fiscal history:
Budget deficit tops $1 trillion for first time.
“The federal deficit has topped $1 trillion for the first time ever and could grow to nearly $2 trillion by this fall, intensifying fears about higher interest rates, inflation and the strength of the dollar.”
Gee, do you think? (Via Michelle Malkin).
The article tries to do a little spinning by blaming the wars in Iraq and Afghanistan, but what, exactly, makes those more expensive this year than last when Iraq, at least, is winding down?
If you don’t think this White House and this Congress have big tax increases in store for everyone, not just the rich, I have a nice little tract of oceanfront property in Boise, Idaho I’d like you to see.
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment