Record Deficits May Dash Obama's Plans For Economic and Societal Reorganization

by Benjamin Domenech on 8:37 am October 17, 2009

“At about ten percent of the overall economy, the gap between federal spending and tax collections is the largest on record since the end of World War II, bigger in nominal terms than the past four years of deficits combined.” “Obama’s current policies would drive the budget gap into the trillion-dollar range.”

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