woensdag 11 april 2012

U.S. Budget Deficit Worsens

I previously dissected the U.S. deficit HERE. Citing that the U.S. budget deficit is increasing at enormous speeds.

Today, reported on Bloomberg, the U.S. budget deficit widened to almost 200 billion in March. Extrapolation brings us to more than 2 trillion in budget deficits in 2012 compared to 1.4 trillion in budget deficits in 2011.

That's a 40% increase in budget deficit year over year. Hyperinflation is on the horizon.

Link: http://www.bloomberg.com/news/2012-04-11/u-s-budget-deficit-widened-to-198-2-billion-in-march.html

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