Friday, November 13, 2009

October deficit $176 billion http://money.cnn.com/2009/11/12/news/economy/treasury_monthly_deficit/index.htm

what is this item about?
this article is about a worse than expected deficit of a $176.4 billion for the month. the anual deficit is said to hit $1.5 trillion. the highest sence 1945. the tresury department took in $135.4 billion and spent $311.7 billion. a group of lawmakers have been pushing for a bipatisan commission to be created to make a lot of the hard decisions.

why did you choose it?
i choose this article because it is important for people to know what is happening to this countries money.

do you agree with whats happening in the news item you choose? why or why not.
yes i agree with whats happening in this article because you just cant keep spending money and expect to not have a deficit.

do you think the info has been presented fairly? why or why not.
yes the info has been presented fairly because it tells you how much the took in, spent, and what they are trying to do.

would you use this news source again?
yes i would use this news source again because cnn is very reliable.

1 comment:

  1. Josh, Good choice, good summary. Obviously, you get a deficit if you spend more than you take in, but do you agree that the government should keep doing that?

    Grade: 10/10

    ReplyDelete