The Obama Administration recently unveiled it's FY 2011 budget. It calls for a deficit of almost $1.6T, the largest budget deficit ever. I don't know what to write about this. It's beyond mind-blowing. It's the result of having the government run by packs of academics and political lifers who have only the most tangential intersection with financial reality.
All previous rants about the government being completely out of control are made obsolete by this budget.