"Trillion dollar deficits for years to come, even with an economic recovery."
Should we get Bernanke a truss?
Yikes!
Obama Says Deficit Likely to Approach $1 Trillion
By Julianna Goldman and Roger Runningen
Jan. 6 (Bloomberg) -- President-elect Barack Obama said he expects to inherit a $1 trillion budget deficit and that similar shortfalls are in store “for years to come” as the government grapples with a recession and other spending demands.
A “trillion dollar deficit will be here before we even start the next budget,” Obama said after meeting in Washington with his economic advisers, including Peter Orszag, who has been designated as director of the Office of Management and Budget.
“Potentially we’ve got trillion-dollar deficits for years to come, even with the economic recovery we are working on...”
"It is crudely general to suggest collective responsibility for the German populace. It is, however, fair to suggest that those who continued to defend the idea of Germanhood publicly as the war went on—when this had become synonymous with barbarity—were in fact renouncing their humanity for the sake of individual survival and peace of mind."
Panayiotis Demopoulos, Götterdämmerung: Suicide Music