"The major Wall Street firms are projecting a deficit of $988 billion in the current budget year"
And get this:
On top of giving $700 billion+ away, the taxpayer will now PAY INTEREST on the stuff.
Note the DEFICIT FIGURE, America -- then BEND OVER!!!
"US to borrow $550 billion for rescue
WASHINGTON - The government will borrow a record $550 billion in the current quarter as it scrambles to fund the huge rescue programs being put in place to deal with the worst financial crisis in seven decades.
Then what did they get $700 BILLION for, other than to LINE THEIR POCKETS? America, this is the GRANDEST LARCENY in the HISTORY of MAN!!!
The Treasury Department said yesterday it plans to borrow more than a half-trillion dollars in the current October-December quarter and another $368 billion in the first three months of next year. Major Wall Street bond traders estimate the government's borrowing needs for the whole year will total an unprecedented $1.4 trillion.
The bond traders predict that borrowing will be needed to cover a budget deficit that will approach $1 trillion for a single year. The major Wall Street firms are projecting a deficit of $988 billion in the current budget year, far above the $482 billion estimate that the Bush administration made in July. --more--"
Sort of pairs up nicely with the article below, no?
