This could be depressing, but I won't let it!
U.S. Budget Deficit to Pass $1.5 Trillion This Year - Megan McArdle - Business - The Atlantic: "'Grim' doesn't seem to be a terrifying enough word to describe the budget outlook that the CBO released today. Oh, sure, we sort of knew this was coming--tax cuts are expensive if you don't find spending cuts to match. And yet the numbers still hit one like a punch to the gut. From a guy wearing brass knuckles. Wrapped around a roll of quarters. Shiny new quarters that you can't really afford to use for punching people, because you've got a $1.5 trillion budget deficit this year."