Our glorious leader just announced that the budget deficit for fiscal year 2009 is expected to reach 480 billion dollars. Nice going. Want to know what the budget deficit was when our glorious leader and his band of raiders took office? Actually at that time the US budget showed a record surplus of around 230 billion dollars. Turning record surpluses into record deficits is another proud accomplishment brought to you by the voters of this country and their elected glorious leader.
What does this mean for you and me? I mean personally. OK. Let’s look at the numbers: The US government will have to borrow approximately 500 billion dollars in 2009 to cover it’s operating expenses. There are about 130 million tax payers (like you and me) in this country. So just for the year 2009 each tax payer will be saddled with an additional debt load of
500 billion US$/130million taxpayers = approximately 4,000 US$ per individual tax payer.
So when you look at your assets, immediately subtract about US$ 4,000 to cover the borrowing that your government has to do in 2009. If President Bush was working for me, I’d fire him immediately just for this reason. Wait a minute, he is working for me. My tax dollars pay for his lifestyle. The irony!
