Thursday, October 8, 2009

US deficit triples to record high of $1.4 trillion

US deficit triples to record high of $1.4 trillion

The US federal budget deficit tripled to about $1.4 trillion for fiscal year 2009 in the midst of the worst economic decline since the Great Depression, the office that keeps track of spending for Congress said on Wednesday. The figure represented about 9.9 per cent of gross domestic product (GDP), the highest percentage since 1945, the Congressional Budget Office said in a statement. In 2008, the deficit was only 3.2 per cent of GDP.

Posted by devo @ 06:50 AM (927 views)
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4 thoughts on “US deficit triples to record high of $1.4 trillion

  • A coffee time challenge for you and the girls in the office, Sarah:

    Establish a link between this article and UK House Prices in 3 steps or less.

    Enjoy.

    Reply
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  • 1. devo

    heres a rib tickler for you………20. titaniccaptain said…@Devo18
    Busy site? lol……are you comparing a 7 month old site to this site?… As for spending time there I am working flat out on the new site…
    Must go….also bored

    Thursday, October 8, 2009 10:27AM It seems that only the chosen few would know how funny that really is.

    Good day Devo. Enjoy!

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  • “I am going to leave it there”

    That’s the wisest thing you have said all day. I think it’s a shame devo is keeping out of this but he most probably has your profile

    worked out and would not want to add fuel to the fire. Little professor used the same technique himself but I am pleased to see him

    growing out of it. It is after all a lazy man’s way to try and shut someone up and confuse the issue.

    I said earlier that your Mother has my sympathy. I would now like to extend that feeling to you also in view of your statements above.

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