The Hill reports that President Obama has announced his support for a proposal to give Social Security recipients a one time extra payment of $250 to make up for the lack of a cost of living adjustment (COLA) at the end of the year.
Federal budget deficit hits record-high of $1.42 trillion
By: MARTIN CRUTSINGER Associated Press 10/16/09 7:00 PM EDT (photos.com)
WASHINGTON — What is $1.42 trillion? It's the federal budget deficit for 2009, more than three times the most red ink ever amassed in a single year.
It's more than the total national debt for the first 200 years of the Republic, more than the entire economy of India, almost as much as Canada's, and more than $4,700 for every man, woman and child in the United States.
I wonder if Obama will break Bush's record on how long he can go before vetoing a spending bill.
ReplyDeleteFederal budget deficit hits record-high of $1.42 trillion
ReplyDeleteBy: MARTIN CRUTSINGER
Associated Press
10/16/09 7:00 PM EDT
(photos.com)
WASHINGTON — What is $1.42 trillion? It's the federal budget deficit for 2009, more than three times the most red ink ever amassed in a single year.
It's more than the total national debt for the first 200 years of the Republic, more than the entire economy of India, almost as much as Canada's, and more than $4,700 for every man, woman and child in the United States.