Federal Deficit Hits The Stratosphere!

Just in case you missed it...the federal deficit for 2009 has hit the one trillion dollar mark! And there are still three months left in the fiscal year.

 

 

 

Just in case you missed it...the federal deficit for 2009 has hit the one trillion dollar mark! And there are still three months left in the fiscal year.

Don't confuse the federal deficit with the national debt. The national debt stands at 11.4 trillion dollars, or about $37,000 for each and every American. That's $148,000 for my family.

The national debt reflects how much our country owes overall. The federal deficit for one trillion dollars is just for this year so far! It stood at $285.85 billion for the same nine-month period a year ago.

So, are things getting better or are they getting worse? The Obama administration estimates the federal deficit to hit about $1.84 trillion by the end of the fiscal year.

How long do you think our country can keep up this unprecedented spending without heading for an all out financial disaster?

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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by voshon Location: new, jersey on Nov 2, 2009 at 02:06 PM
    not me im fillty rich u guys sound like losers and america will never so scrrew osama bil laden and yea barack obamas
  • by Ron Location: NC on Jul 20, 2009 at 08:19 AM
    Like our older generation, our golden years are fading with each passing day. I'm not certain that it makes any difference who our president is, I don't believe that our country will ever get much, if any better than we are. I don't think anyone know's how to fix our problems without the rich getting hurt, so we all know that mean's we are pretty much done.
  • by Wally Location: Jamesville on Jul 18, 2009 at 07:01 PM
    I agree 110% with David in Kinston. Let's continue to spread the wealth with our hardworking dollars. Hope all that voted for Osama, I mean Obama are pleased.
  • by David Location: Kinston on Jul 15, 2009 at 08:34 PM
    Our fearless leader is well on his planned path to destroy America.
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