Budget Deficit Tops $765 Billion So Far

The federal budget deficit for the first 5 months of Fiscal 2009 is at $765 Billion. This is $500 Billion more than the same period last year. (Note: the government fiscal year begins in October).

The Obama Administration estimates the total deficit for 2009 will be $1.75 Trillion. The 2008 deficit was $455 Billion.

Deficits are projected to by larger than ever for the foreseeable future, adding to the overall national debt at an amazing rate.