Friday, April 24, 2009

Happy Debt Day!

This could be depressing but I'm not going to allow it to be:

Power Line - Happy Debt Day!
Sunday is "Debt Day": As of Sunday, the federal government has spent all the money it will raise in taxes for the current fiscal year. From now until the end of the fiscal year in the fall, the government will be spending money that it will borrow from the Chinese and others, which will be repaid by our children and grandchildren. With interest. This is the earliest Debt Day in modern history, if not ever. From 2002 until now, it has fallen between July and September.


Civis Ordinarius said...

Oh, Happy Day! And Congress is saying that it is going to have to take back the much ballyhooed (during the Campaign) Obama middle class tax cut.

Easy come, easy go!

Ron Ballew said...

Doesn't it just give you the warm fuzzies!