U.S. Deficit biggest since 1945


	U.S. Deficit biggest since 1945

pkronfield

10-16-2009 4:54 PM

110 views

tags:

obama is a trojan horse

pkronfield says:

And no war bonds!

They can only blame Bush for so long. The deficit has doubled since The Teleprompter took office.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/3d47db4c-bffc-4304-9ba6-c3f8195e3680/454179DA-6D4F-4248-BFB8-5EAC223A6E90/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://i2.cdn.turner.com/cnn/2009/images/10/16/t1home.deficit.chart.gif" href="http://i2.cdn.turner.com/cnn/2009/images/10/16/t1home.deficit.chart.gif" style="font-size: 11px;">i2.cdn.turner.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://i2.cdn.turner.com/cnn/2009/images/10/16/t1home.deficit.chart.gif"><IMG src="http://i2.cdn.turner.com/cnn/2009/images/10/16/t1home.deficit.chart.gif" alt="http://i2.cdn.turner.com/cnn/2009/images/10/16/t1home.deficit.chart.gif" /></blockquote><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content6.clipmarks.com/images/clip-icon.gif" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://money.cnn.com/2009/10/16/news/economy/treasury_deficit/index.htm?postversion=2009101615" href="http://money.cnn.com/2009/10/16/news/economy/treasury_deficit/index.htm?postversion=2009101615" style="font-size: 11px;">money.cnn.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://money.cnn.com/2009/10/16/news/economy/treasury_deficit/index.htm?postversion=2009101615">The Obama administration on Friday said the government ran a $1.42 trillion deficit in fiscal year 2009.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://money.cnn.com/2009/10/16/news/economy/treasury_deficit/index.htm?postversion=2009101615">That made it the worst year on record since World War II, according to data  from the Treasury and the White House Office of Management and Budget.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://money.cnn.com/2009/10/16/news/economy/treasury_deficit/index.htm?postversion=2009101615">Consequently, the annual deficit rose 212% to the record dollar amount of $1.42 trillion, from $455 billion a year earlier. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://money.cnn.com/2009/10/16/news/economy/treasury_deficit/index.htm?postversion=2009101615">As a result, the country is very near to breaching its so-called <A href="http://money.cnn.com/2009/09/16/news/economy/debt_ceiling/index.htm?postversion=2009091610">debt ceiling</A>, currently set at $12.1 trillion. Lawmakers, however, are expected to vote to raise that ceiling this fall. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://money.cnn.com/2009/10/16/news/economy/treasury_deficit/index.htm?postversion=2009101615">A deficit of that magnitude means the debt held by the public would approach 82% of gross domestic product. That's double the 41% recorded in 2008.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/454179DA-6D4F-4248-BFB8-5EAC223A6E90/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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