Image via WikipediaThe budget deficit of the United States is going off the roofs as the time is going by this year. Still there is a big amount of time, three months left of this years budget and already the United States government is going through a budget deficit of 1 trillion for this year. In BBC's webpage, this post showed why budget deficit would affect the world population, mostly the United States:
- Increased debt costs for government
- Increased risk of inflation
- Long-term pressure on dollar
- Could lead to higher taxes and spending cuts later
The treasury department had showed a defect this year of $1.086 trillion (well the number is already making my hand tremble, type slow :))
So is the economy improving or will it improve, we can't actually say anything until we get to the time, or else get a time twister like one from Harry Potter and hope that even through these hardships, the new Harry Potter movie makes better deal.