And furthermore:
Quote:
The sharp slowdown in the US economy will push the federal budget deficit to more than $1 trillion, the non-partisan Congressional Budget Office (CBO) says.
The deficit of $1.186 trillion for the fiscal year ending on 30 September would be the largest on record.
The projected deficit does not include the extra $800bn spending being planned by US President-elect Barack Obama.
But it highlights the deep economic difficulties facing Mr Obama when he is inaugurated on 20 January.
The CBO says that the slowing economy will lead to the US budget deficit more than doubling from last year's figure of $455bn.
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From:
BBC NEWS | Business | US deficit 'to hit $1 trillion'
The mountain of debt to fund just gets bigger by the day. And bear in mind that we haven't solved any of the problems yet, this debt is just to get where we are
now...
And, of course, add Obama's $800BN to the $1.186TR and you get a cool
2 TRILLION DOLLARS IN 1-YEAR!