114 DAYS SINCE DEFICITS DECLARED UNSUSTAINABLE

[RDANGELO]

[tnlefty]

1. Corp. media just stays on top of this, huh?

Thanks and :kick:

[kansasblue]

2. No time to worry about that, What about Flag Burning!?

McCain says we'll be in Iraq a least 3 more years.

[salin]

3. Two years since the head of the IMF sent a warning letter

to the US Govt that its deficit spending had to come under control and was unsustainable...

[oblivious]

4. U.S. Current Account Gap Widens to Record $195.1 Bln

June 17 (Bloomberg) -- The current account deficit grew more than expected to a record $195.1 billion from January through March, increasing U.S. dependence on borrowing from abroad to feed Americans' appetite for imports.

... Treasury Secretary John Snow says the deficit highlights the strength of the U.S. economy.

... The gap is equivalent to 6.4 percent of nation's $12.2 trillion gross domestic product. At the current pace, the U.S. needs to attract about $2.1 billion a day to fund the deficit and keep the value of the dollar steady.

http://www.bloomberg.com/apps/news?pid=10000103&sid=a.2nVIb8fUj8&refer=us