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Click here to visit the new home of Politics Daily!(Oct. 15) -- If you stacked the number of dollar bills in this year's federal deficit -- 1,290,000,000,000 written out -- you would be nearly a quarter of the way to the moon. But that's not as stratospheric as last year, when the red ink amounted to $1.4 trillion. Still, despite over a $100 billion decrease from 2009's record breaking year, the federal deficit remains an issue of massive concern as well as proportions. So we know the deficit is big -- to state the obvious -- but how does one visualize a trillion dollars? It's going to take a lot Monopoly money to figure this one out. In ...
... luckily, Redstate doesn't. SaveTheGOP.com asked earlier if anyone remembered this ad by MoveOn, which dramatically features children working in low wage, labor intensive jobs and asks "Guess Who's Going To Pay Off Bush's $1 trillion deficit?" It's the children you see. Redstate's Neil Stevens offers a none too subtle rejoinder to MoveOn's quaint 2004 era concern for $1 trillion dollars here: Yep. How about that? But hey, at least we get plenty of condoms and bullet trains or ... something. (Nobody really knows.) ...
Mo Money - Reuters: ...Gov. David Paterson of New York said 43 states now have budget deficits totaling some $100 billion as tax revenues plunge. ... The latest package calls for $350 billion to create jobs by building or repairing roads, bridges and other public works; $250 billion to maintain education; and another $250 billion in "counter-cyclical" spending such as extending unemployment benefits and food stamps, which are typically a responsibility of the states. The remainder would be used to fund middle-class tax cuts, stimulate the embattled housing market, and stem the tide of ...
Having weathered a mild storm of criticism for failing to pass the budget on time, the Democratic-led Congress has approved spending bills amounting to over $1 trillion for the military, veterans' health care and domestic social programs. A $600 billion bill, targeting health, education and labor programs, exceeds President Bush's budgetary request by about $10 billion. On the other hand, a second bill which would bolster the Pentagon by about $460 billion provides $3.5 billion less than the president's request. Of particular concern to the White House, these funds do not include the ...
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