The Federal Budget Deficit

The Federal Budget deficit as of today is 192.3 billion dollars. That means that the Federal government is spending 192.3 billion dollars that our treasury can not afford to spend. Most of the money is spent to help through this recession. The Federal Budget Deficit is expected to be at its highest with Obama’s Administration. It is estimated that the federal Budget deficit will go as high as 1.75 trillion dollars meaning it will be four times more than last year.

Out of 956.3 billion dollars already spent 300 billion dollars was already given out to the national bank and other companies to help with the financial crisis. Obama’s administration will continue to increase the Federal Budget Deficit all the way through 2019. The money that is given to help business survive this harsh financial crisis this allows President Obama to believe that the economy is actually getting better. On the other hand the lower class sees no actual change. Families don’t have enough money to pay the rent and pay off all the bills so really how much is the bailout money really helping us?
http://news.yahoo.com/s/ap/20090410/ap_on_bi_go_ec_fi/federal_budget