I been around quite a few years and didn't think I'd see this the day---and just the beginning
Canadian dollar likely to trump US ...
How did this occur?
The rhetoric-
Started in 09 with "era of responsiblty"--and continuing in 10 with "pay as go" :SIB
The reality--
Monthly Federal Budget Deficit Balloons to Record; Up 14% from 2009
WASHINGTON ? The government ran up the largest monthly deficit in history in February, keeping the flood of red ink on track to top last year's record for the full year.
The Treasury Department said Wednesday that the February deficit totaled $220.9 billion, 14 percent higher than the previous record set in February of last year.
The deficit through the first five months of this budget year totals $651.6 billion, 10.5 percent higher than a year ago.
The Obama administration is projecting that the deficit for the 2010 budget year will hit an all-time high of $1.56 trillion, surpassing last year's $1.4 trillion total. The administration is forecasting that the deficit will remain above $1 trillion in 2011, giving the country thrree straight years of $1 trillion-plus deficits
Canadian dollar likely to trump US ...
How did this occur?
The rhetoric-
Started in 09 with "era of responsiblty"--and continuing in 10 with "pay as go" :SIB
The reality--
Monthly Federal Budget Deficit Balloons to Record; Up 14% from 2009
WASHINGTON ? The government ran up the largest monthly deficit in history in February, keeping the flood of red ink on track to top last year's record for the full year.
The Treasury Department said Wednesday that the February deficit totaled $220.9 billion, 14 percent higher than the previous record set in February of last year.
The deficit through the first five months of this budget year totals $651.6 billion, 10.5 percent higher than a year ago.
The Obama administration is projecting that the deficit for the 2010 budget year will hit an all-time high of $1.56 trillion, surpassing last year's $1.4 trillion total. The administration is forecasting that the deficit will remain above $1 trillion in 2011, giving the country thrree straight years of $1 trillion-plus deficits