Speaking Billions

It’s been said that a picture speaks a thousand words. Over at EconomPic Data, they often feature charts that say a bit more than that. In fact, the latest example, “Receipts Down, Outlays Up = Soaring Deficit,” speaks billions (or, perhaps, trillions).

CNN Money reports:

The federal budget deficit expanded by $83.6 billion in December, the Treasury Department reported Tuesday, bringing the total deficit for the first three months of the 2009 fiscal year to $485.2 billion. By comparison, the budget deficit for all of fiscal year 2008 was $455 billion. In fiscal 2007, it was $161 billion.

Over the last 12 months, the deficit is an astounding $816 Billion, which will seem small all too soon.

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