The latest results of Washingtons spending-and-borrowing spree are in and, as you might expect, they dont look pretty. According to the Congressional Budget Office, the U.S. budget deficit hit a record $1.4 trillion in the fiscal year just ended; at 9.9% of gross
domestic product, it was the largest such shortfall since 1945. In addition, Septembers monthly deficit was the 12th in a row, a ...