Fiscal Foolery

AP reports:

New estimates from the White House on Friday predict the budget deficit will reach a record $1.47 trillion this year. The government is borrowing 41 cents of every dollar it spends.

That’s just madness. People are focused on Europe crashing, but I am equally focused on the US crashing again.

Thanks God the situation in NZ is not this dire. Remember the US situation when certain politicians call for more spending.