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Congratulations! You owe the US Government $1,000

The deficit will for budget year ending Sept. 30 will register $296 billion, under a new White House estimate released Tuesday.

That works out to $1,000 for every man, woman and child in the USA. This year.

So...all you adults -- pay up right now and include the money your kids owe. Or, if you prefer, you can just have your kids pay the whole thing.

It's the American way!

P.S. You also have the option of selling that debt to unspecified Chinese bankers.

P.P.S. What's that you say? You want another tax cut? Bwahahahahaha! You're kidding right? Well, all right then. Why don't we just cut taxes to zero and borrow the entire cost of running the government from those Chinese bankers?

UPDATE: Here's the top five largest budget deficits in American history:

  1. 2004 (George W. Bush) $413 billion
  2. 2003 (George W. Bush) $378 billion
  3. 2005 (George W. Bush) $318 billion
  4. 2006 (George W. Bush) $296 billion (projected)
  5. 1992 (George H. W. Bush) $290 billion
...and when President Bush came into office, he inherited a surplus of $284 Billion.

Go ahead -- make my day. Tell me that $1.4 trillion in accumlated deficits is better than it looks. You know what I'm talking about: Republican knuckleheads who point out that "the economy is humming along." Hell, you'd hum along too if you had a credit card with no spending limit and no due date for paying it back. Woo hoo! We're humming along, baby!

Comments

Silly boy, you didn't take this amazing lower figure at face value did you?

And after such low-balling of estimations (or rather, high-balling)?

The Economist's View points a cleaner way toward truth

and root around a little more.

Cheers.
-Temple


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