US to borrow 46 cents for every dollar spent

US to borrow 46 cents for every dollar spent

WASHINGTON – The government will have to borrow nearly 50 cents for every dollar it spends this year, exploding the record federal deficit past $1.8 trillion under new White House estimates. Budget office figures released Monday would add $89 billion to the 2009 red ink — increasing it to more than four times last year's all-time high as the government hands out billions more than expected for people who have lost jobs and takes in less tax revenue from people and companies making less money.

Obama démonte l'héritage fiscal de George Bush

Le président américain rétablit les taux d’imposition les plus élevés appliqués aux ménages fortunés.

Obama deconstructs the fiscal heritage of GWB - Obama reintroduces super rich tax