US budget deficit seen at $438bn for 2009

[Bindare_Dundat]

The US budget deficit is expected to reach a record $438bn in 2009, according to estimates from the Congressional Budget Office (CBO).

It also warns the deficit could go higher as the figure does not take into account possible government costs for taking over Fannie Mae and Freddie Mac.

The CBO added the US government will run a deficit of $407bn this year.

During the next fiscal year - starting on 1 October - a "turbulent" economy would cut revenues, the CBO warned.

[240 is Back]

just another sign that things are going super!

[windsor88]

I just do not see the reason for taxpayers to bail out a public company.  Let them sell off whatever they can and be gone.  If I had a business that went under I am certain no one would bail me out.  So whats next?  Does the government stay in the mortgage business now?

I am sure there are reasons but not sure what they are.  Have not done much reading on this yet.  On the surface it seems unfair to taxpayers.

[Mark Kerr]

My question is, with all that has gone wrong with this country and the economy, how is McCain leading in the polls?

I don't think I have read anything positive about the McCain from other people. McCain supported and backed 90% of the decision making for this country over the last 8 years. Who in there right mind would support another 4 years of this?

In another 5 years, this country will be bankrupt.

I'm starting to believe the polls are fixed. As well as the election process.

[OzmO]

The US budget deficit is expected to reach a record $438bn in 2009, according to estimates from the Congressional Budget Office (CBO).

It also warns the deficit could go higher as the figure does not take into account possible government costs for taking over Fannie Mae and Freddie Mac.

The CBO added the US government will run a deficit of $407bn this year.

During the next fiscal year - starting on 1 October - a "turbulent" economy would cut revenues, the CBO warned.

I love our government.   

[MB_722]

I'm starting to believe the polls are fixed. As well as the election process.

better late than never. 

[headhuntersix]

Nope........OBAMA. Anybody else including Hil would be leading. Good job dems.

[calmus]

It's the retards doing "procurements" for the DoD who are to blame.  And then, dubya.

[headhuntersix]

Yeah its the DOD's fault..how about the bilions wasted on earmarks or bs government social programs.

[Option D]

Yeah its the DOD's fault..how about the bilions wasted on earmarks or bs government social programs.

That dosent amount to the amount wasted on the fucked up war/jack move.

epic snow ball effect