Saturday, July 24, 2010

What a Relief - 2010 Deficit will be ONLY $1.47 Trillion

1,470,000,000,000 will be added to the national debt THIS YEAR.

And amazingly, that's less than what was originally projected.

Remember when Bush was criticized for his out of control spending? Nancy Pelosi called it dangerous and unpatriotic back in 2006 (when the deficit was about $200 billion). But with two straight years of $1.4 trillion deficits (7 times larger than the "dangerous" deficit and nearly 4 times larger than Bush's largest deficit), Pelosi seems as happy as a pig in mud.

The shocking thing is that the deficits aren't just records, they dwarf anything that has ever happened before. How can ANYONE believe that this is sustainable?

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