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Monday, February 04, 2008

Free Money for Everyone!

If you like credit card debt, you'll love this.
The federal budget deficit will soar to near-record levels in fiscal 2008 and 2009, the Bush administration said Monday in its $3.1 trillion budget request, a surge in red ink attributable to cooling corporate tax receipts and the cost of a short-term economic stimulus package.

The White House expects the deficit to reach $410 billion in the current fiscal year, just short of the record set four years ago. In fiscal 2009, which begins in October, the budget gap is seen at $407 billion.
Both Hillary and Obama have criticized president Bush for not spending enough on social programs. Mitt Romney wants bigger tax cuts. Meanwhile, in Massachussetts, Romneycare / Hillarycare is crashing and burning.

Don't worry about any of this, though. The money is all free. Just like it is in Zimbabwe.

1 comment:

  1. Thank you for your article, really effective piece of writing.

    ReplyDelete