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Tuesday, September 9, 2008

Hey Guys, What Happened To My Surplus..Guys....Um Hey...

"The U.S. budget deficit will grow $246 billion to $407 billion, according to an updated estimate by the Congressional Budget Office released Tuesday.
Last year, the budget deficit was $161 billion. The government’s budget year ends September 30.

"The CBO said it expected the deficit to exceed $400 billion — or 3 percent of gross domestic product — for each of the next two years if current policies remain in place. It also forecast several more months of “very slow” economic growth."

--CNN MONEY September 8, 2008

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