The dollar is toast, you must own some gold. When was universal healthcare debated and approved by congress?-Lou
Obama's Budget Projects $1.75 Trillion Deficit
President Barack Obama is sending Congress a budget Thursday that projects the government's deficit for this year will soar to $1.75 trillion, reflecting efforts to pull the nation out of a deep recession and a severe financial crisis.
Obama's budget overview will call for nearly $4 trillion in spending in fiscal year 2010 and creates space for up to $750 billion in additional bank bailout funds this year - money that hasn't been requested and the administration hopes will not be necessary to stabilize the still-reeling financial system.
The president's budget will also set aside a $634 billion "reserve fund" as a down payment to cover roughly two-thirds of the anticipated 10-year cost of universal health care coverage -- projected at $1 trillion.
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