Tuesday, January 13, 2009

Something to Make you Stop and Think

... can be found in this opinion piece by Kevin Hassett over at Bloomberg. Here it is.
When President George W. Bush was first elected, total federal government spending was about $1.7 trillion. In other words, the difference between federal outlays and federal revenue this year will be bigger than the entire government was as recently as 2000.
Our 2009 deficit will be larger than the entire federal government budget was in 2000. Think about that for a minute before you go and read the whole thing.

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