Economic Charts

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Saturday, April 9, 2011

Government Shutdown Averted

It looks like another Government shut down was averted, quite literally in the 11th hour Friday night.  An agreement was reached to fund government operations through the end of September.  Only $38.5 billion dollars was cut from the budget, which is a trivial amount compared to the extremely large budget deficit of $1.6 trillion dollars.  With the new war in Libya adding costs not calculated in (ranging from $600 million to $1 billion), our annual spending deficit continues to rise.

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