Archive for February 1st, 2010

Use, to the historical record deficit in 2010: 1.600 billion dollars

President Barack Obama unveiled the federal budget for 2011 provides for expenditure of 3.8 trillion dollars. Bad news coming from the front of the deficit, in 2010, the federal deficit will reach the astronomical figure of 1600 billion dollars, accounting for 10.6% of GDP. This would be the largest deficit in American history, [...]