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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: E. T. who wrote (29839)	11/4/2008 12:27:30 PM
From: longnshort	Read Replies (1) \| Respond to of 71588

raise taxes during a recession?? wow, Hoover did that

To: E. T. who wrote (29839)	11/5/2008 7:52:35 PM
From: DuckTapeSunroof	Read Replies (2) \| Respond to of 71588

The U.S. government is on course for an unprecedented borrowing binge in coming months, a development that could constrain President-elect Barack Obama's economic agenda. The Treasury Department laid out near-term borrowing plans Wednesday, saying it expects to tap financial markets for $550 billion in the final three months of 2008 and another $368 billion in the first three months of next year through issuing Treasury securities with a wide range of maturities. Economists project that total government borrowing could pass $1.5 trillion in the fiscal year, which ends next September, in one year pushing up the government's total debt burden by more than 25%, a large and possibly jolting increase. Message 25147346