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Deficit Hits $1.4 trillion for 2009

By on 10.8.09 @ 1:48PM

The Congressional Budget Office has estimated that the annual deficit for the 2009 fiscal year ended last week was $1.4 trillion. That represents a shortfall of 9.9 percent of GDP, the highest since World War II.

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Philip Klein is The American Spectator's Washington correspondent. You can follow him on Twitter at: http://twitter.com/Philipaklein

http://spectator.org/blog/2009/10/08/deficit-hits-14-trillion-for-2
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