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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (137034)	7/28/2008 11:11:58 AM
From: Smiling Bob	Read Replies (3) \| Respond to of 306849

Stick it to em! Administration official projects record deficit Monday July 28, 10:40 am ET By Andrew Taylor, Associated Press Writer Administration official: 2008 deficit will approach $490 billion, record driven by economy sag WASHINGTON (AP) -- The next president will inherit a record budget deficit approaching $490 billion, a Bush administration official said Monday. The official said the deficit was being driven to an all-time high by the sagging economy and the stimulus payments being made to 130 million households in an effort to keep the country from falling into a deep recession. A deficit approaching $490 billion would easily surpass the record deficit of $413 billion set in 2004.