The WSJ reports that the sluggish U.S. economy and the cost of this year's economic stimulus package will push the federal budget deficit into record territory in fiscal 2009.
The Office of Management and Budget said it expects next year's budget gap to soar to $482 billion, $75 billion higher than its previous estimate. The deficit for the current fiscal year, which ends Sept. 30, is projected to come in at $389 billion, $21 billion lower than the administration's February forecast.
Comment: Thanks for nothing to the following spineless big spenders:
-Democrats in control of Congress since 2006
-Big Government Republicans
-The Bush Administration
Winners all of this week's and perhaps this century's "Heads Up Their Asses Award"!
