Like Seinfeld's Jackie Childs, I am shocked, appalled, and dismayed by such disfigurement... It seems Obama's initial FY09 budget deficit estimate of only $1Trill was a lowball estimate. The new estimate is that we will see a deficit of $1.84 Trillion in FY09. http://finance.yahoo.com/news/White-House-forecasts-higher-rb-15199206.html?.v=3
Since that still assumes that growth will be a blazing hot 3.5% (or 3.2% depending on the article) starting in just a little over 4 months and going on through 2010 http://www.bloomberg.com/apps/news?pid=20601110&sid=afNxR8Ary_Nk, that rosy deficit estimate may even lowball the $1.84Trill. It is also expected that inflation "will remain subdued" as the Fed essentially prints shiny new dollar bills, basically exploding the dollars in circulation.
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