Posted by: Mr. Hyde July 28, 2008
US Economy: A Downward Spiral?
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Yo dawg! what up?

Here is a bone:

U.S. Deficit to Reach Record $490 Billion in 2009 (Update2)

By Roger Runningen

July 28 (Bloomberg) -- The U.S. budget deficit will widen to a record of about $490 billion next year, an administration official said, leaving a deep budget hole for the next president.

The projected deficit for the fiscal year that begins Oct. 1 is far higher than the $407 billion forecast by President George W. Bush in February. The official also confirmed a report in USA Today that the deficit this year will be less than the $410 billion estimated in February.

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Is this a harbinger of the McCain-Romney dream ticket?



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