Borrowing is Nearly Half of All U.S. Federal Government Funding
The above chart shows the projected sources of funding (receipts) for the U.S. Government for 2009. Borrowing (the federal budget deficit) is projected to account for nearly half of all funding. If you read yesterday’s post, you also know that the amount of borrowing in 2009 is likely to increase (because the Obama administration’s budget assumptions are too optimistic).
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