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The White House has issued staggering economic figures. The government has a unprecedented federal budget deficit:

“… The White House is tipped to lift its deficit forecast for 2009 to $490bn (£246bn) up from $407bn.

The budget deficit measures how much more the government is spending than it is raising through taxes.”

link: Record deficit for next president

Just as a point of perspective, in 2001 when President Bush began his first term in office, the budget was a surplus of $128 billion. As Senator Everett Dirksen once said, “A billion dollars here and a billion dollars there - pretty soon you’re talking about a lot of money”.

Potential foreign enemies of the United States would be glad to help leverage that debt.

Catherine Forsythe

Tags: Budget, deficit, economy, government, quote, Senator Everett Dirksen, surplus

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