When did it become no big deal to throw around "billions" of dollars like it is the weeks grocery money. What a difference 6 months make...
President-elect Barack Obama said Tuesday the deficit appears on track to hit $1 trillion soon. Speaking to reporters after meeting with top economic aides, Mr. Obama said: "Potentially we've got trillion-dollar deficits for years to come, even with the economic recovery that we are working on."
— Associated Press, Jan. 6
Actually, the deficit is on track to hit $1.2 trillion this year, but what's $200 billion among friends?
How to Understand a Trillion-Dollar Deficit - A good article from Time to help you understand what this means.
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