Obama team makes it official: Budget deficit hits record. By a lot. (emphasis added)
The Obama administration has released new deficit numbers, and they are not pretty.
The deficit for Fiscal Year 2009, which ended Sept. 30, came in at a record $1.42 trillion, more than triple the record set just last year.
In addition, future deficits are currently projected to total $9.1 trillion in the coming decade.
And,
The Obama administration’s stimulus also contributed to the near $1 trillion higher deficit, as did lower government revenues in the wake of the recession.
Higher government spending, lower revenues… and upcoming inflation.
As GM said, he owns it now.
I missed it so I imagine the meme the WH could float is that the deficit, they inherited, because of their courageous foresight could have been worse. But as noted by releasing this info on Friday that means that excuse was thought not useful.
Have you noticed that bad news from the Obama camp ALWAYS comes on a Friday? You don’t suppose he is trying to hide something do you? Thank God for right leaning blogs or the word might never get out!
Neilson Survey?
I noticed something when I saw this reported on German TV yesterday: When something happens in the US that Europe likes, Obama is mentioned (Obama’s health care “plan” for instance). When something happens that they don’t like, America gets the credit (America’s deficit increases).