A trillion here, a trillion there...
... pretty soon you're talking real money.
| Posted at 2:56 AM | Permalink |
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Comments (5)
It's hardly good news, but it's worth remembering that the Office of Management and Budget had projected a deficit for FY09 of $1.8 trillion just a couple months ago.
Posted by Joey | October 17, 2009 10:58 AM
Buy gold bullion or a diversified basket of gold company stocks. The only real alternative is foreign denominated bond funds because we know they will cook the CPI numbers if they have to...The U.S. Dollar will fall like a rock if Iran makes Obama blink.
Posted by fancy dress currencies | October 17, 2009 3:48 PM
Joey has a point. How is it alarming that the projection for the deficit has dropped 23% in the last two or three months?
Posted by Allan L. | October 17, 2009 7:09 PM
Its still more than its ever been, THAT'S the alarming part.
Posted by Jon | October 17, 2009 10:15 PM
It was higher at the end of WW2 and we recovered (despite a post-war recession, labor troubles, cost of the Marshall Plan, etc.).
Posted by Bankerman | October 18, 2009 11:06 AM