Federal borrowing raised to record level

arsbanned

Banned
Dec 12, 2003
4,853
0
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The government expects to borrow a record $188 billion in the January-March quarter, even more than it anticipated three months ago, the Treasury Department announced Monday.
The total will surpass the old mark of $146 billion set in the first quarter of 2004, a year in which the federal budget deficit hit an all-time high in dollar terms of $413 billion.

The REAL State of the Union. But people will probably focus on the smoke and mirrors show Bush will present. It's a sad time for the U.S.

And with Bush II to the North, a Liberal has no place to run. :D

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Looney

Lifer
Jun 13, 2000
21,941
5
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Originally posted by: arsbanned
The government expects to borrow a record $188 billion in the January-March quarter, even more than it anticipated three months ago, the Treasury Department announced Monday.
The total will surpass the old mark of $146 billion set in the first quarter of 2004, a year in which the federal budget deficit hit an all-time high in dollar terms of $413 billion.

The REAL State of the Union. But people will probably focus on the smoke and mirrors show Bush will present. It's a sad time for the U.S.

With favorably ratings similar to Nixon, i don't know how much the people are going to buy it this time.

And with Bush II to the North, a Liberal has no place to run. :D

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It's not so bad, really! He has a very small minority government, so he won't be doing anything extreme at all.
 

BaliBabyDoc

Lifer
Jan 20, 2001
10,737
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See there you people go again with the 9/10 thinking.

Everything has changed. On 9/10 the era of big government was over and fiscal conservatism reigned. You people need to wakeup to the reality of 9/11. We NEED big government and fiscal "flexibility" to meet the challenges of the post-9/11 world.
 

RichardE

Banned
Dec 31, 2005
10,246
2
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Originally posted by: arsbanned
The government expects to borrow a record $188 billion in the January-March quarter, even more than it anticipated three months ago, the Treasury Department announced Monday.
The total will surpass the old mark of $146 billion set in the first quarter of 2004, a year in which the federal budget deficit hit an all-time high in dollar terms of $413 billion.

The REAL State of the Union. But people will probably focus on the smoke and mirrors show Bush will present. It's a sad time for the U.S.

And with Bush II to the North, a Liberal has no place to run. :D

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Yeah...Ima go start getting my attic ready :(