This is truly scary
"For a few brief moments today, the CNN top story was that the Obama administration officially announced a $1.42 trillion deficit in fiscal year 2009. While perhaps not news to anyone paying attention over the last six months, it still made for a stark image on the front of CNN.com."
"The magnitude of these numbers is staggering. I remember under Reagan when the deficit was in the billions and the debt itself grew to more than a trillion dollars. It was widely regarded as the end of the American economy. Now the yearly budget deficit is in the trillions. Even accounting for inflation, that is almost incomprehensible."
Hope and change. I can only hope that there'll still be some change left!
More here.
And here.
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