Federal spending grew by 25 percent this year, fostering a $1 trillion national debt before the multibillion-dollar bailouts are factored in, Jon Ward is reporting.
The information was detailed in a White House budget report that Budget Director Jim Nussle called “sobering.”
SEE RELATED:Sobering? It sounds like the aftermath of a drunken sailor on shore leave with a brand new MasterCard. It’s “hangovery.”
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