At the WaPo, a small bit of good news from the ruinous budget deficit:
Record-High Deficit May Dash Big Plans
$1.4 Trillion in Red Ink Means Less to Spend On Obama’s Ambitious Jobs, Stimulus Policies
The federal budget deficit soared to a record $1.4 trillion in the fiscal year that ended in September, a chasm of red ink unequaled in the postwar era that threatens to complicate the most ambitious goals of the Obama administration, including plans for fresh spending to create jobs and spur economic recovery.
Not that the Democrats will stop their plans for an additional trilliion dollars’ worth of healthcare ruin, but at least there will be less spending – or so one would hope.
And more on the bright side,
In a report released Friday, Treasury Department officials said the government had spent $132 billion less than expected in August, due primarily to a drop in anticipated spending on the banking bailout.
Just the thing that puts a smile on your face, doesn’t it?
William Jacobson says, Clean Up Your Own Mess First, Mr. President, and stop blaming Bush.
