Corner: "45 cents of every dollar Washington spends this year will be borrowed."

by Smitty (h/t The Corner)

The president also talks of cutting the deficit in half from this bloated level. But even after the recession ends and the troops return home, he’d still run $1 trillion deficits — compared to President Bush’s $162 billion pre-recession deficit. In other words, the structural budget deficit (which excludes the impacts of booms/recessions) would more than quintuple.

Kidney failure?” said the Yorkshireman, as he spread the Dijon mustard on his bison sandwich, glancing past Frumdreher. Out the window of Air Force One lay Tent City IV. “Oh, how my cousins dreamed of such a noble passage, as they worried out their last days under yoke of that fascist, W. Our Hope and Change era combines all the best features of Huxley and Orwell, don’t you think?

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