Monday, July 13, 2009

Government Debt.

Didn't Obama promise to make the government more fiscally responsible? And yet this article from 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."

"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

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