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Tuesday, July 14, 2009

$1 Trillion

The AP reports:
The federal deficit has topped $1 trillion for the first time ever and could grow to nearly $2 trillion by this fall, intensifying fears about higher interest rates, inflation and the strength of the dollar.

The deficit has been widened by the huge sum the government has spent to ease the recession, combined with a sharp decline in tax revenues. The cost of wars in Iraq and Afghanistan also is a major factor.
Fox News asks, “What does $1 trillion deficit mean to you?

The bottom line? “Every single tax you that could imagine, you will see a hike in.

1 comment:

  1. This is a massive tranference nerosis which will have devastating effects on our liberties and freedoms.

    Modern liberalism's assaults on Americans will ultimately result in our surrender of our autonomy, our sovereignty, our freedoms, and individualism.