Bush Leaves Biggest Budget Deficit Ever For Next President

WASHINGTON (CNN) — President Bush’s budget chief blamed the faltering economy and the bipartisan stimulus package for the record $482 billion deficit the White House predicted for the 2009 budget year.

White House projects record deficit for 2009 – CNN.com.

Jim Nussle, the director of the Office of Management and Budget, said the deficit would be about 3.3 percent of the nation’s gross domestic product, the measure of the nation’s total economy.

The fiscal year begins October 1, 2008.

The federal deficit is the difference between what the government spends and what it takes in from taxes and other revenue sources. The government must borrow money to make up the difference.

While the deficit would be a record in absolute dollar terms, Nussle said it would be below the 2004 deficit, 3.6 percent of GDP, and the record deficit of 1983, 6 percent of GDP, when compared with the size of the overall U.S. economy.

Now one needs to remember this is without including the money for Bush’s War or the one in Afghanistan.

For those who can’t say you can blame an economy on one person, you are right.  However, when that one person embodies a political ideology and follows through with that, and it tanks, horribly, you can hold him and it fully responsible.

Read more for why that is…

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Christiane via Brazil Amazing in HD 2 Goals in 1 Minute (3 in half)

Just a couple quick comments on the Olympics. I’ve been watching pretty much non-stop since the absolutely amazing opening ceremonies.  Today I’ve gone to the old stand-by, the 24-hour soccer channel.   The only other thing going right now is boxing, and the U.S.’s best hope for a medal just lost because he didn’t know he was behind in the bizarre Olympic boxing score-system.   Really, he got knocked down earlier in the bout and got a point.

Regardless, I was just watching the Brazil and Niger, women’s soccer match.  Niger was up 1-nil when Christiane first had a header and then a bicycle kick for goals back to back in under a minute.

I also want to throw out some props to the U.S. Men’s Gymnastic (Bronze, from nowhere) and Swimming teams (Gold, from behind).  Good work fellas.  Now you can stop shaving yourselves everywhere.  Hat’s off to the Chinese and French gymnastic and swimming teams, respectively, as well.

I’ve probably seen about 20 or 30 sports so far, and have to commend GE for their coverage.  They are making a windfall off this thing, and the 24-hour HD programming is much appreciated.  I’ll try and throw up posts when something else cool happens on my TV, but the play of Christiane amazed me, so I thought I’d catch you up to what my TV is playing and what the world is watching.

UPDATE: OMG!! Hat trick!!