$1.2 Trillion Deficit?
Budget deficit seen hitting $1.2 trillion at reuters.com.
Analysts are predicting that the Federal Deficit could go as high as $1.2 Trillion in 2009.
Economists have said that the burgeoning deficits are a result of a steep falloff in tax revenue as the global recession saps the economy as well as huge government outlays to prop up the financial industry and U.S. automakers.
View Points
The Generational Theft Act of 2009 at michellemalkin.com by Michelle Malkin.
Fighting Off Depression at nytimes.com by PAUL KRUGMAN.
Don’t Believe the Hype at newclarion.com by Bill Brown.
Fed has abandoned monetary policy, critic says at newsdaily.com.
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