NYT does a pretty solid job of detailing - generally, we'll be spending more than we have for the forseeable future, racking up debt all along the way.
In $3.8 Trillion Budget, Obama Pivots to Trim Future Deficits - NYTimes.com
Two cool interactives: visual depiction of the proposed 2011 budget -
Obama’s 2011 Budget Proposal, Department by Department - NYTimes.com
(The net interest on existing debt sticks out for me.)
Deficit forcasts vs. reality -
Budget Forecasts, Compared With Reality - NYTimes.com
We were looking pretty good up to the point at which the housing market started to crash.
Replies
26Beach Fanatic
I'm not concerned with Hollywood either, but I do believe maintaining good foreign relations is key. In evaluating how much and to whom we do give, a lot goes to those war torn countries. That could easily be cut. Just a thought.
I believe in charity but if I can't pay my bills I cannot give to others, no matter how deserving. We must face facts, we are broke.
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