U.S. deficit estimated at $250 billion
The deficit for the current budget year will jump to about $250 billion, the Congressional Budget Office estimated Wednesday, citing the weakening economy. And that figure does not reflect at least $100 billion in red ink from an economic stimulus measure in the works.
Confirmation in Raw Story.
This is an Associated Press Article. The amount of dollars that the economic stimulus will cost is making my head explode.
New projected USA national deficit: at least $350 billion
And just to piss you off (from the AP article):
"The deficit picture remains worse than it was when Bush took office seven years ago. Then, both White House and congressional forecasters projected cumulative surpluses of $5.6 trillion over the subsequent decade."
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