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July 2009

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Today's Budget Deficit: Just How Much Is $1 Trillion?

July 21, 2009 – Comments (34) | RELATED TICKERS: TRI , LL

The government's annual budget deficit has topped $1 trillion.  With three months left in the budget year, the Obama administration is projecting that the deficit will hit $1.84 trillion for the 2009 budget year, four times the size of 2008's deficit. Trillion.  Do you remember your science classes way back in high school, when your teacher would casually throw around scientific terms and numbers. "Trillion" was one of those really large "Carl Sagan-like" mythical numbers such as quadrillion, gazillion or googol.    [more]

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