(Ir)religiosity

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White House predicts record deficit for 2009

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The White House released their predictions for the next fiscal year yesterday.  The federal deficit will once again break the last record topping out at $482 billion.  Only eight years ago Bush inherited a $128 billion surplus.  The administration has posted a federal deficit every year since.  ”If they gave out Olympic medals for fiscal irresponsibility, President Bush would take the gold, silver and bronze; with his eight years in office, he will have had the five highest deficits ever recorded.”

Written by Blake Huggins

July 29th, 2008 at 8:00 am

  • http://jonathanbrink.com Jonathan Brink

    Sadly, every democracy realizes it can just borrow its way into oblivion.