POLITICAL NONSENSE

FOR EVERY DOLLAR THE GOVERNMENT SPENDS THIS YEAR . . . IT WILL HAVE TO BORROW 46 CENTS:

I'm not exactly an economic whiz. But if I was, I imagine THIS would have me scared out of my mind . . .

On Monday, the White House's Office of Management and Budget announced they'll be adding another $89 BILLION to this year's federal deficit. Overall, that brings this year's annual budget deficit to . . . get this . . . $1.84 TRILLION.

If you're keeping track, that's FOUR TIMES higher than last year's deficit of $455 BILLION . . . which was itself an all-time high. And it's about $90 BILLION higher than the $1.75 BILLION federal deficit PRESIDENT OBAMA predicted when he took office in February.

Or look at it this way: For every dollar the federal government spends this year . . . it will have to borrow 46 CENTS. And get this . . . This year's $1.84 TRILLION deficit is equal to 12.9% of the U.S.'s Gross Domestic Product. That's the highest it's been since World War Two . . . and is more than THREE TIMES the average deficits of the past 30 years. (Yahoo Finance / Los Angeles Times)