Summary
Both presidential candidates claim to favor change. Yet neither has told us what he will do to end Washington's addiction to deficit spending.
For the last five years, Congress and the White House have been on a spending binge that would embarrass a sailor on shore leave. This has resulted in some of the biggest federal budget deficits in history. In February, the $175.6 billion deficit was a single-month record, 46 percent higher than the previous single month high (in February 2007), and nearly $14 billion more than the deficit for all of fiscal 2007, which ended last Sept. 30.See the full content of this document
Extract
Spending Addicts
With the economy in the doldrums and the federal budget at an all- time high, the total deficit for fiscal 2008 (ending this Sept. 30) is expected to top $410 billion - with another $407 ...
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