Monday, July 13, 2009

Government Debt.

Didn't Obama promise to make the government more fiscally responsible? And yet this article from Bloomberg.com says that the budget deficit has surpassed one trillion dollars (+$1,000,000,000,000) in the first nine months of the fiscal year. Last month's deficit was a record, and "The June deficit compares with a surplus of $33.5 billion in the same month a year earlier."

And
"For the fiscal year that ends Sept. 30, the Office of Management and Budget forecasts the deficit to reach a record $1.841 trillion, more than four times the previous fiscal year’s $459 billion shortfall."

This is relevant because "Total public debt outstanding exceeds $11.5 trillion, according to the Treasury’s July 9 statement on the government’s cash balance."

Did you get that? Whose debt? Public debt. Your debt. My debt. Were this government a man in business, it would be in jail alongside Bernie Madoff.

No, I take that back. This government needs a maximum security prison, and it more than deserves to lose a confrontation in the showers.

"A man in debt is so far a slave."
--Ralph Waldo Emerson

No comments:

Post a Comment

Bill of Rights