Contributed by: filbert Friday, August 07 2009 @ 12:24 PM CST
That’s $1,300,000,000,000[*1] .
Outlays rose by almost 530 billion dollars, or 21 percent, and revenues fell by more than 350 billion dollars, or 17 percent, compared with the amounts recorded during the same period last year, the non-partisan CBO said.
So, what’s the natural response when your spending goes up, and your income goes down? If you’re the Democrats, the answer is obvious: spend even more money, of course! And send the thugs around to intimdate anyone who might stand up and wonder if this is really a good idea.
Meanwhile, the national debt works out to be about $4,275 for every man, woman, and child in the U.S. today.
It’s you were born today, welcome to the world, little one! Here’s your bill!