The federal deficit for March was $192.3 billion, which is a record.  For the current fiscal year, the deficit is $956 billion and it is on pace to top $1.75 trillion.  This would quadruple the previous high of $454.8 billion from last year's budget.  This from some of the same people who criticized George W. Bush's excessive spending!

     After pushing through massive spending bills, the Obama administration seems to be presenting a more optimistic outlook on the economy, after using dire descriptions leading up to the passage of the stimulus bill.  I'm sure he is just waiting to give a speech about how the "stimulus" brought the United States out of a recession and saved us from a depression.  Of course, he will probably ignore the possibility that any recovery was due chiefly to the business cycle.  I would also expect the $3 billion first quarter profit from Wells Fargo and probable first quarter profits from Citibank and Bank of America to go unmentioned. 


http://apnews.myway.com/article/20090410/D97FPQ380.html