@Advocate,
CNBC reports this morning : "U.S. budget deficit seen hitting $1.186 trillion "
i wish president-elect obama and all americans the very best for 2009 !
it looks to me as if president-elect obama has been presented with a millstone to put around his neck and is being told to go and take swimming lessons .
he is not in a very enviable position .
as an aside : canadians are being told to be prudent and not get themselves into financial difficulties - while at the same time being told not to stop spending to prevent the economy from going into a tailspin .
an update on the canadian economy by canada's finace minister stated today that we should not expect any improvement in the economy before 2010 - which probably means : don't call me , i'll call you - sometime in 2010-2011-2012 ... ...
hbg
if things get really tough , i might start using some german "shinplasters" (notgeld = emergency money) issued in 1921 .
cities started to print their own money when the german central bank was unable to supply sufficient bills .
i have a small stack of them - a bit of a novelty and commentary on the times .