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.
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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