The Obama administration is projecting that when the current budget year ends on Sept. 30, the imbalance will total $1.84 trillion, more than four times last year's record-high.
The soaring deficits have raised worries among foreign owners of U.S. Treasury securities including the Chinese, the largest holder of such debt.
Damn those Chi-Coms and their predatory lending! Listen to Peter Schiff, and have a good laugh:
Found via John Derbyshire at the Corner.
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