The deficit, Mark Zandi, chief economist and co-founder of Moody's Economy.com, said at Senate Budget Committee hearings last week, "could easily exceed $1 trillion in fiscal 2009 and go even higher in 2010." He said borrowing by the Treasury could top $2 trillion this year....
The debt, which stood at about $5.7 trillion in 2007, topped the $10 trillion mark in October and now stands at about $10.6 trillion.
(Actually, I think he means $5.7 trillion in 2001, at least according to this graph. Note that the graph only goes to 2007. For 2008, it's going to be off the charts.).
![](http://www.brillig.com/debt_clock/history.gif)
So to put this in perspective: Clinton had three years of budget surpluses his last three years in office, including giving Bush a $127 billion surplus.
Bush is giving Obama a trillion dollar deficit.
Talk about binging on your credit cards....
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