On the recordJune 30, 2010
Unusual. And what are the implications of all of this? You know, the Congress didn't pass a budget, but the administration sent us a budget. This is kind of a complicated looking chart. But this isn't very complicated in a lot of ways, because this thing is receipts. This is the money coming in. And this is outlays. Now, this is the sort of chart that you need to have some first-graders, because they could give us some real wisdom. We could say which one of these circles is bigger? Is it the red one or the blue one? The red one is bigger. So we're spending more than what we're receiving. That says your budget's in trouble. That's not very complicated. And it's so much in trouble that the U.S. Congress doesn't want to acknowledge that fact. They say, well, if we don't see it, maybe--it's like at night, you know, when you have a bad dream. If you pull the covers up, maybe it will go away. That seems where we are.
