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10-02-2008, 07:06 PM #4
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Bush signs $600 billion stopgap bill
according to the US treasury department website, the national debt increased by $400 billion between september 15 and september 30
september 30 is the fiscal year end for the us gov't...according to the congressional budget office projections in january 2008, the national debt was supposed to be $9.4 trillion on september 30...instead, the national debt now stands at over $10 trillion...that means the projected $414 billion deficit for 2008 became an actual $1 trillion deficit in just one year (the national debt did increase by over $1 trillion in 2008)
on average the federal government spend more than it took in by over $2.7 billion every single day of 2008, and that doesn't include any of the bailout plan money
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