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Politics

Yet Another Dispatch From the Budgepocalypse Lookout Post

Peter Suderman | 2.4.2010 7:29 PM

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The first sentence from the Congressional Budget Office's hot-off-the-presses Monthly Budget Review:

The federal government incurred a budget deficit of $434 billion in the first four months of fiscal year 2010, CBO estimates, almost $40 billion more than the shortfall recorded in the same period last year.

The CBO uses the word "unsustainable" for a reason. If Roland Emmerich directed a movie about the budget, I'm guessing this is what the first act would look like.

(Via Jon Henke's Twitter feed.)

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Peter Suderman is features editor at Reason.

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