White House Sharply Increases Deficit Projection to $1.6 Trillion
158 | August 25, 2009 at 10:20 amby
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The federal deficit will soar to nearly $1.6 trillion this year, miring the nation in the deepest pool of red ink since the end of World War II, the nonpartisan Congressional Budget Office and the White House reported Tuesday.
This is a major problem.
This huge amount of money
that we will have to repay and
to pay interest on for many
years. And the deficit next year
will be even bigger. The very
large national debt will be the
biggest problem for president