apnews.myway.com popular May 12, 09 09:54 am — US to borrow 46 cents for every dollar spent
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May 13, 09 02:41 pm
The deficits ... are driven in large part by the economic crisis caused by Bush, not by Obama's spending.," budget director Peter Orszag wrote in a blog entry on Monday. What else does one need to say?
Give a man a fish and he will become a government dependent progressive voter. Teach a man to fish and he become a self sufficient and conservative Angel of Satan. Biden 3:24
May 13, 09 11:09 pm
The unprecedented deficit figures flow from the deep recession, the Wall Street bailout and the cost of President Barack Obama's economic stimulus bill - as well as a seemingly embedded structural imbalance between what the government spends and what it takes in.
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johngriffin
Thats because all the money being borrowed is from the private Federal Reserve. The government of America has no control over the Fed and until they are abolished and a government backed currency that has real value behind it is used
Think along the lines of the greenback currency that Ab Lincoln tried to implement.
As it stands now: Money = Debt