Sunday, March 22, 2009

A big deficit

From the Washington Post:
THE NEW estimates by the Congressional Budget Office showing a federal deficit of 13.1 percent of gross domestic product for the current budget year, which began Oct. 1, are neither surprising nor particularly alarming, though it's larger than the 12.3 percent foreseen by the White House.
The Washington Post may not think a deficit equal to 13.1% of GDP is alarming, but I do.

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