PrintMarch 15, 2011
A little perspective on the deficit
3/10/11 Fox News: The federal government's budget deficit grew by $222.5 billion in February, the largest one-month increase in history. Economists are forecasting the deficit for the year will be the biggest imbalance on record.
3/14/11 Reuters: Quake-hit Japan faces a recovery and reconstruction bill of at least $180 billion, or 3 percent of its annual economic output, or more than 50 percent higher than the total cost of 1995's earthquake in Kobe.
So each month the Federal Government is borrowing more than the entire Japan recovery costs.
