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Federal officials reveal $2.2B deficit for fiscal year [and that's the good news]

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Posteritatis Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-29-09 03:36 PM
Original message
Federal officials reveal $2.2B deficit for fiscal year [and that's the good news]
Edited on Fri May-29-09 03:37 PM by Posteritatis
Quoth the Ceeb:

A $3.6-billion deficit in March sent the federal government $2.2 billion into the red for the 2008-09 fiscal year, officials said Friday.

The latest reading on the status of the government's coffers comes just days after Finance Minister Jim Flaherty said the deficit for the current 2009-10 fiscal year is projected to hit more than $50 billion.


Fifty billion. Fif. Tee. Bill. Yon.

Behold! Fiscal conservatism!
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daleo Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-31-09 05:35 PM
Response to Original message
1. I predict a 10% GST
Within 3 years or so.
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