The American Spectator : AmSpecBlog : The Fiscal Tsunami Grows:
The red ink is truly frightening. Uncle Sam's fiscal situation continues to deteriorate. The deficit this year will run at least $1.8 trillion. The latest increase in the expected deficit dwarfs the president's pitiful half percent budget 'cut.' Reports Associated Press:
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."
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