Next President to Inherit Sky High Deficit
By Melissa Charbonneau
CBN News White House Correspondent
July 29
http://CBNNews.com - WASHINGTON - Whether its Barack Obama or John McCain, the next President will have to face a record budget deficit of nearly a half trillion dollars.
According to new White House projections, the federal deficit will hit a record high of $482 billion in budget year 2009.
Click the player to get Pat Robertson's analysis following CBN News Correspondent Melissa Charbonneau's report.
That's nearly $70 billion higher than the last record deficit of $413 billion in 2004. And it doesn't include the tens of billions of dollars spent on the Iraq war.
What's contributing to the exploding deficit?
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