Monday, April 13, 2009

U.S. Deficit for FY 2009 Nears $1 Trillion Already

(Reminder: the U.S. Fiscal Year runs from October 1 through September 30th.)
The deficit for the first six months of the fiscal year which began on October 1 was 956.80 billion dollars, according to the Treasury's monthly statement of receipts and outlays...

...The CBO said its budget deficit estimate for fiscal 2009, which ends on September 30, would be four times the 2008 record shortfall and amount to 13.1 percent of the country's total economic output. (emphasis added)
Read the whole thing....

CBO is the Congressional Budget Office. The national debt is now over $11 Trillion and rising rapidly.

No comments:

free hit counter code
free url submission