Posted on 09/13/2010 3:20:42 PM PDT by tobyhill
2010 DEFICT: The budget deficit is on track to hit $1.3 trillion this budget year, which ends Sept. 30. That would be the second highest deficit on record, slightly below last year's all-time high imbalance of $1.4 trillion.
(Excerpt) Read more at google.com ...
This will be spun as progress in 5, 4, 3, 2, ....
I hope they try because to most people the trillion mark is enough to make them furious.
“We are on track to reduce the annual deficit this year by over 100 Billion Dollars.”
My question is this, with TARP and the Stimulus being ONE TIME allocations and there is no corresponding large special outlays like them in this current budget,..... why hasn’t the deficits dropped back down to 450 or 500 billion dollars which while outrageously high is no 1.4 or 1.3 trillion?
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