Originally Posted by andrewlittle
For the rest of this fiscal year, until 9/30/09, we are already committed to another $400b for bailouts, $550b for the war, and $470b just to pay the interest on what Bush has borrowed to wage war. All that is on top of the projected $560b deficit already in Bush's budget.
That is a guaranteed deficit of $2.98 trillion for fiscal year 2009 without Obama lifting as much as a finger.
If our country was a car, you might say it was totaled. Getting it rebuilt? That's going to take some doing. I'm not pessimistic per se, but I don't think we realize just how bad things are, and what's it's going to take to turn things around.
It isn't going to be pretty.