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U.S. Budget Deficit to Half a Trillion

… and that is with the war costs in an off the balance sheet account (just like our banks… and Enron - no I’m serious) Heck we just sent out $300B in the housing bill, with another $160B this spring so Americans would stimulate the economy and now Hank Paulson has an unlimited bazooka gun over and above the $300B to deploy into Fannie and Freddie - what’s not to love?And it assumes a recovered economy in ‘09. If you care about the long term health of the country (fiscally) and are a newer reader I recommend these 2 posts [M…
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  28 July, 2008| Fundamental Analysis | @ 15:52

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