Tuesday, November 4, 2008

Gov't to borrow a record $550B in current quarter: Financial News - Yahoo! Finance

"The Treasury Department said Monday it plans to borrow more than a half-trillion dollars in the current October-December quarter and another $368 billion in the first three months of next year.

Major Wall Street bond traders estimate the government's borrowing needs for the whole year will total an unprecedented $1.4 trillion."

That's almost $5,000 per person in the U.S. of part of A. Tax-laden future, anyone?

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