June 9, 2009

When will the reckoning be?

Over at the ever superb Investor's Business Daily:
It took two centuries from the nation's founding until the early 1980s for Washington to overspend by a cumulative total of a trillion dollars. We have just accomplished the same feat in eight months.

We have never seen a number anything like this.
"A Red (Ink) Letter Day For Gov't: $1,000,000,000,000 In 8 Months." By Kerry N. Weems and Benjamin E. Sasse, Investor's Business Daily, 6/9/09.

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