NY Fed Warns of Potential Deficit Fallout

[Killarney]

http://story.news.yahoo.com/news?tmpl=story&cid=568&ncid=749&e=2&u=/nm/20040325/bs_nm/economy_fed_dc
A ballooning budget deficit and low savings rate pose risks to the U.S. economy and the financial system, New York Federal Reserve (news - web sites) President Timothy Geithner said on Thursday.

"The current deterioration in the U.S. fiscal position and the acute decline in the net national savings rate represent risks to the financial system and the economy as a whole," Geithner told the New York Banker's Association.

------------------------
I rated this one a 5. Gotta let the people know what Bush's a-hole fiscal plans are doing to the country and the economy. DEFICIT DOES MATTER.