No Runny Eggs

The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger). The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think.

Debt-a-palooza, 2010 edition (part 1)

by @ 10:59 on December 7, 2009. Filed under Politics - National.

(H/T – Darleen Click)

Reuters reported on Friday that the monthly federal deficits of $176.4 billion in October (official) and $115 billion in November (CBO estimate) mean that the start of the 2010 federal fiscal year is even worse than the record-deficit-shattering 2009 fiscal year. As Darleen pointed out, that is an annualized deficit of $1.752 trillion.

That is mostly before the effects of items like expanding the homebuyer tax credit to existing homeowners (because the first-time-only version wasn’t loaded with enough fraud, I suppose) or PlaceboCare, or cap-and-tax, or…..

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