Federal deficit hits all time hihgh $1.42Trillion

http://finance.yahoo.com/news/Federal-deficit-hits-alltime-apf-1559993790.html?x=0&sec=topStories&pos=2&asset=&ccode=

For 2009, the government collected $2.10 trillion in revenues, a 16.6 percent drop from 2008. That was the largest percentage decline on records going back nearly seven decades.”

Just posting the below excerpt so I can immortalize it for posterity. I want to be able to refer back to this comment three or even two years from now.

“Noting this fact, Treasury Secretary Timothy Geithner said, “This year’s deficit is lower than we had projected earlier this year, in part because we are managing to repair the financial system at a lower cost to taxpayers.

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