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Cracker Squire

THE MUSINGS OF A TRADITIONAL SOUTHERN DEMOCRAT

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Location: Douglas, Coffee Co., The Other Georgia, United States

Sid in his law office where he sits when meeting with clients. Observant eyes will notice the statuette of one of Sid's favorite Democrats.

Tuesday, July 29, 2008

McCain administration treasury secretary to be Phil Gramm's "mental recession" continues: Record deficit

From The Wall Street Journal Online:

The U.S. budget deficit for fiscal 2009 is expected to reach about $490 billion, confirming the negative impact of the economic slowdown on the nation's finances. The figure would represent a record in dollar terms, though not as a percentage of U.S. economic output.

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