Wednesday, January 27, 2010

Some U.S. 2009 Budget Numbers

FACT: Majority of FY 2009 deficit attributed to Bush policies

$1.2 trillion of $1.4 trillion deficit was already projected before Bush left office. The CBO projected on January 7, 2009, that, including spending authorized under the Bush administration for the Troubled Asset Relief Program (TARP) and government takeovers of Fannie Mae and Freddie Mac, the deficit would total $1.2 trillion. According to the CBO, the actual FY 2009 deficit was $1.4 trillion.

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