Sunday, March 1, 2009

Big, Big Deficits

Gateway Pundit points out the graph below. The Obama budget will lead to a deficit four times larger the Bush's:


Meanwhile Mr Rudd has left us with an extra $4500 of spending per head, Andrew Bolt asks:

How on earth are we going to pay all that back, with unemployment rising and growth falling?
Easy answer, with inflation and higher taxes.

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