Middletown Ohio

Find us on
 Google+ and Facebook


Home | Yearly News Archive | Advertisers | Blog | Contact Us
Tuesday, July 23, 2024
  New Posts New Posts RSS Feed - $1 Trillion Fed Deficit Projected
  FAQ FAQ  Forum Search   Events   Register Register  Login Login

$1 Trillion Fed Deficit Projected

 Post Reply Post Reply
Middletown News View Drop Down
Prominent MUSA Citizen
Prominent MUSA Citizen

Joined: Apr 29 2008
Location: United States
Status: Offline
Points: 1100
Post Options Post Options   Thanks (0) Thanks(0)   Quote Middletown News Quote  Post ReplyReply Direct Link To This Post Topic: $1 Trillion Fed Deficit Projected
    Posted: Nov 25 2008 at 3:16pm
The White House Office of Management and Budget in July estimated the 2009 deficit at $482 billion, but that doesn't take into account possible losses down the road from loans and investments made under the $700 billion financial rescue plan enacted in October or other efforts to bail out stricken financial institutions.
Borrowing adds to the national debt, the money the federal government owes to states, corporations, individuals and foreign countries such as China and Japan that buy U.S. Treasury notes, bonds and other debt instruments. The debt, which stood at about $5.7 trillion in 2007, topped the $10 trillion mark in October and now stands at about $10.6 trillion. 
Back to Top
John Beagle View Drop Down
MUSA Official
MUSA Official

Joined: Apr 23 2007
Location: Middletown
Status: Offline
Points: 1855
Post Options Post Options   Thanks (0) Thanks(0)   Quote John Beagle Quote  Post ReplyReply Direct Link To This Post Posted: Nov 26 2008 at 10:21am
It will get worse than that if we implement a new health care system.
John Beagle

Middletown USA

News of, for and by the people of Middletown, Ohio.
Back to Top
 Post Reply Post Reply
  Share Topic   

Forum Jump Forum Permissions View Drop Down

This page was generated in 0.078 seconds.
Copyright ©2024 MiddletownUSA.com    Privacy Statement  |   Terms of Use  |   Site by Xponex Media  |   Advertising Information