2011 budget deficit: the highest in 65 years

AMERICAN NIGHTMARE

Fed Reserve and greedy politicians market manipulation -- bubble/crash massive destruction of the mass while they are literally robbing trillions.

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The 2011 budget deficit will almost equal that of two years ago, which was the highest in 65 years

http://www.bbc.co.uk/news/business-12291143

The US budget deficit will hit $1.48tn (£930bn), or 9.8% of economic output, this year, a spending watchdog said.

It is a record deficit in dollar terms, and almost equals the 10% of GDP overspend recorded by Washington in 2009 at the depth of the recession.

The Congressional Budget Office (CBO) revised up an earlier deficit estimate of $1.07tn after President Obama agreed a new stimulus package with Congress.

That package extended Bush-era tax cuts and prolonged unemployment benefits.

"The United States faces daunting economic and budgetary challenges," said the CBO in the introduction to its latest budget outlook report.