The coming US dollar crisis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Real Man who wrote (3844)	2/4/2008 11:13:44 AM
From: TH	Read Replies (1) of 71463

Vi, <g> I recall that story was bunk! If this can't smack the clownbuck, what will? Bush budget sees bigger deficits as economy slows By Caren Bohan and Jeremy Pelofsky 26 minutes ago WASHINGTON (Reuters) - U.S. President George W. Bush forecast the budget deficit would more than double in 2008 and blamed a weakening economy as he unveiled a $3.1 trillion spending plan for fiscal 2009 on Monday that would nearly freeze domestic programs. news.yahoo.com The White House projections were immediately criticized by both Democratic and Republican lawmakers who said the numbers may gloss over the full extent of the fiscal deterioration. With the economy teetering on the brink of a recession, Bush said the deficit would reach $410 billion for the budget year 2008 that ends on September 30 and $407 billion for fiscal 2009 that begins on October 1. The budget makes military spending and the Iraq war its centerpiece, proposing a 7.5 percent increase for the Pentagon to $515 billion. On top of that Bush also sought $70 billion more for the conflicts in Iraq and Afghanistan. The grimmer budget situation will be inherited by the next president, who succeeds Bush in January 2009. GT TH

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next