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WASHINGTON – The government will have to borrow nearly 50 cents for every dollar it spends this year, exploding the record federal deficit past $1.8 trillion under new White House estimates. Budget office figures released Monday would add $89 billion to the 2009 red ink — increasing it to more than four times last year's all-time high as the government hands out billions more than expected for people who have lost jobs and takes in less tax revenue from people and companies making less money.
Originally posted by Max_TO
Just who do they think will pay it back ?
Does anyone really believe it will ever be payed back ?
Will that lack of faith in our ability to repay this money prove detrimental to our economy long or short term ?