"Treasury Secretary Henry Paulson is contemplating asking Congress for approval to tap the second $350 billion in the bailout package before the Bush administration leaves office on Jan. 20, but he has said he will only make such a move after consulting President-elect Barack Obama"
Obama gonna lie to us again like he lied about Blagojevich?
"Federal deficit totals $164.4B in November" by Martin Crutsinger, AP Economics Writer | December 10, 2008
WASHINGTON --The federal government registered a record budget deficit for the month of November, reflecting the impact of a recession on tax receipts and the mounting costs of the $700 billion financial rescue program.
The country remains on track to hit a record deficit of $1 trillion or more for the entire year, which would be more than double the previous all-time high set last year. The Treasury Department said Wednesday that the gap between the government's revenue collections and what it paid out last month totaled $164.4 billion, the largest deficit ever recorded for the month of November.
In just the first two months of this budget year, the deficit now totals $401.6 billion....
Translation: This country is GOING DOWN the DRAIN and is being LOOTED BEFORE OUR VERY EYES!!!
Some economists think estimates of a $1 trillion deficit for this year are too low. David Rosenberg, North American economist at Merrill Lynch, projected that it could reach $1.5 trillion.... The deficit is being driven higher by the $700 billion rescue package....
I TOLD YOU the Wall Street giveaway was a BAD IDEA!!!So WTF, after GIVING AWAY TAXPAYER MONEY we are going to have to BORROW MORE so we can REPAY MORE and MORE (with interest)? The NATION is being LOOTED and the end of 2009 is going to look a LOT DIFFERENT, AmeriKa -- and NOT for the BETTER!!!!
Treasury Secretary Henry Paulson is contemplating asking Congress for approval to tap the second $350 billion in the bailout package before the Bush administration leaves office on Jan. 20, but he has said he will only make such a move after consulting President-elect Barack Obama....
Barney Frank already said Bush will get it, and now Obama gonna sign off on it, too! I figure right around Xmas when no one is paying attention.
That's SOME CHANGE, AmeriKa!!!!
