U.S. deficit biggest since 1945
How much longer can this go on before the whole house of cards comes crashing down?
There are no longer any fiscal conservatives in either party. This situation started with the Bush Administration and its Republican Congress, continued with the Democrat Congress, and is still going on under Obama and the Democratic Congress. Both parties are screwing us over, but royally.
The government can't figure out how to craft a health care reform that will do anything to bring that black hole of dollars under control, either. Instead of rational discussion and problem solving, we get ranting, fear mongering, and idiotic partisanship.
Meanwhile the war in Afganistan is on the back burner. Just what is the current goal there? When will we know we have achieved our objective? No one knows, and the general in charge is saying that the war will be lost without a massive troop surge. Are we finally going to admit defeat and go the way of the last superpower to fight there? Is the Taliban going to take over Pakistan as well?
Meanwhile, back in the social front, we have the highest rate of drug abuse in the industrialized world and more prisoners per capita than any nation on Earth.
Get my fiddle, Nero. It's time.
The Obama administration on Friday said the government ran a $1.42 trillion deficit in fiscal year 2009.
That made it the worst year on record since World War II, according to data from the Treasury and the White House Office of Management and Budget.
At the end of September, the country's total debt -- which is an accumulation of all annual deficits to date plus other obligations -- stood at $11.9 trillion.
How much longer can this go on before the whole house of cards comes crashing down?
There are no longer any fiscal conservatives in either party. This situation started with the Bush Administration and its Republican Congress, continued with the Democrat Congress, and is still going on under Obama and the Democratic Congress. Both parties are screwing us over, but royally.
The government can't figure out how to craft a health care reform that will do anything to bring that black hole of dollars under control, either. Instead of rational discussion and problem solving, we get ranting, fear mongering, and idiotic partisanship.
Meanwhile the war in Afganistan is on the back burner. Just what is the current goal there? When will we know we have achieved our objective? No one knows, and the general in charge is saying that the war will be lost without a massive troop surge. Are we finally going to admit defeat and go the way of the last superpower to fight there? Is the Taliban going to take over Pakistan as well?
Meanwhile, back in the social front, we have the highest rate of drug abuse in the industrialized world and more prisoners per capita than any nation on Earth.
Get my fiddle, Nero. It's time.