Why propose budget with built-in deficit?

info@islandpacket.comApril 14, 2013 

During fiscal year 2012, the federal government collected approximately $2.45 trillion in tax revenue. President Barack Obama has unveiled a $3.8 trillion spending plan. This would give the country a shortfall of $1.35 trillion.

Since we borrow from China approximately 40 cents on every dollar, should we send our politicians to the Beijing College of Economics or Harvard Law School?

John Nicholson

Hilton Head Island


Commenting FAQs | Terms of Service