Breaking news deficit

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Feb 13, 2008
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Breaking news

Milestone: Budget Deficit Tops $1 Trillion
Nine months into the fiscal year, the federal deficit has topped $1 trillion for the first time ever.
 
Hey, didn't the Dems say that debt makes us rich?

WOOHOO! WE'RE RICH, BABY!
 
I love the phrase, "for the first time ever."

Just because bailouts aren't part of the official budget, that doesn't mean they're not contributing to our annual deficit in reality...our 2009 deficit is a whoooole lot more than a "mere" trillion dollars.
 
These deficits are going to grow substantially, even if the economy picks up... remember, a lot of the spending, Debt Destruction Bills and Acts aren't charged to the budget until spent. The Whole FEDERAL RESERVE and their pile of Deficits hasn't hit home yet. I'm REALLY curious about the HIDDEN Debt by THE FED... how and when they unload it? Maybe launder it out through newly conjured-up schemes/federal programs/inflation? That's why "Barney Frank and the SELLOUTS" are delaying as long as possible any Audit of THE FED.

There's an awful lot of Debt and Deficits to hit the books over the next 36 months, Peter Orszag has been Cooking Barry Obama's Books, so we'll see how Washington DC handles whitewashing of it all.

GESUS, the INTEREST on DEBT is sky rocketing quickly.
 
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We are almost at the point were the interest cost to maintain the debt is greater than that amount we collect in taxes. If bond interest rates start creeping up again, that will happen quickly. That is the point of no return.
 
So what? Who cares! The stock market was up almost 200 points today! YIPPEE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! God Bless the Recovery! Better jump into this soon to be bull market! :D
 
I'm glad I live in such a generous country: money, money , money, its only money,just like a kid saying -just go to the ATM and get some......I think I will borrow a few billion and live off the interest..sounds good to me.....now thats change folks---borrow and live off the interest.
 
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