Wednesday, May 13, 2009

Obama's Budget - Projected Deficits

The following graph shows the effect the new Federal budget has on the deficit. Obviously this is not sustainable and Moodys has already threatened to downgrade US Treasury debt, thus causing increased interest costs to the taxpayers and more deficits. Individuals have to get their finances in order and so does the government. We can only hope it is not too late by the time of the midterm elections.


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