National Review reports that for FY 2010 the US deficit will be $1.3 trillion.
Federal Spending, excluding FDIC, TARP, and Fannie/Freddie Mac - went up 9% last year over the previous year. Over the last 2 years, the Federal Government spending grew 21.4%
This administration cannot blame anyone but themselves. Obama and the Dummycrats are trying to bankrupt this country. As National Review piece says - we don't have a revenue problem; we have a spending problem.
That is unsustainable.
And remember that effective January 1, 2011 - taxes are coming back like a roaring lion. Government run healthcare will push a spike in premiums, Death Tax will go from zero to 65%, a VAT tax on TOP of the state and local tax, the spending is massive.
And the Democrats don't care - they have ignored the will of the people. They won't acknowledge any limits on their power.
This is just more of what's to come if the Democrats retain their seats after November 2.