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Showing category "National debt" (Show all posts)

U.S. National Debt Over $10.6 Trillion

Posted by Cartoosh on Saturday, March 21, 2009, In : National debt 
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Due to the recent economy stimulus plans, the U.S. national debt has rapidly reached to a new high - over 10.6 trillion as of 1/13/2009. And, the increasing rate is not expected to slow down, until the economy turns around the corner. By any standards, a corporation with a red ink of this kind in its book would have filed for bankruptcy long ago. Luckily, the nation is run by Uncle Sam who can keep borrowing money from foreign countries without worrying w...
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2009 Budget Deficit Estimated $1.2 Trillion

Posted by Cartoosh on Friday, March 20, 2009, In : National debt 

(Click to see the full size cartoon.)

(Click to see the full size cartoon.)

1/3/2009

According to the Congressional Budget Office, our federal budget deficit will nearly triple to an unprecedented $1.2 trillion for the 2009 budget year, figures. The 2008 deficit was $455 billion. The eye-popping includes about $400 billion spent to bail out the financial industry and take over Fannie Mae and Freddie Mac. The $700 billion bailout for the financial industry is expected to actually cost taxpayer...
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