CBO Report: U.S. Will Go to Hell in 2009 »
By Robert Higgs | Friday January 9, 2009 at 6:16 PM PDT | 13 Comments
According to a report just released by the Congressional Budget Office (CBO), “the [federal budget] deficit this year will total $1.2 trillion, or 8.3 percent of GDP.” This seems about right for a banana republic. The bad news is that neither commercial banana cultivation nor a republican form of government has proved viable in this...
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Tags: Bailouts, Budget and Tax Policy, Economics, Money and Banking, Politics, The State




























