Catching up with financials

• The Obama administration admitted that their estimated 10-year budget deficit was off by $2 trillion.
• The budget czar is Peter Orszag.
• President Obama reappoints Bernanke as Fed Chair.
• The 2009 budget deficit balloons to $1.6 trillion (3 times the 2008 deficit).
• We're drowning in a sea of red ink according to one national magazine.

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