Nail in the coffin: U.S. Faces Record Borrowing Requirement

johnnyrocket

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Mon Nov-01-04 11:14 PM
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Nail in the coffin: U.S. Faces Record Borrowing Requirement

By MARTIN CRUTSINGER, AP Economics Writer

WASHINGTON - The federal government, running record budget deficits over the past two years, is projecting that it will have to borrow a record $147 billion in the first three months of 2005, the Treasury Department (news - web sites) announced Monday.

The department projected net borrowing needs of $100 billion for the current October-December quarter, less than the $122 billion it had earlier estimated would be needed to meet the government's obligations.

http://story.news.yahoo.com/news?tmpl=story&u=/ap/20041102/ap_on_go_pr_wh/borrowing_2

Now? Who could be for such recklessness? Convervatives? Liberals? Moderate?

Nope, only idiots supporting Bush, who don't have a clue.

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