The Bush administration subjected us
to a deluge of fiscal and monetary expansion, the likes of which we
haven’t seen since the 1960s. The federal budget ballooned 112 percent
from $1.86 trillion in 2001 to a projected $3.94 trillion in FY2009.
From a surplus of $128 billion in 2001, the federal budget is projected to be in deficit $1,752 billion in 2009. The projected deficit in FY2009 is on par will the level of all
federal expenditures in 2001. On top of this, the amount of the liquid
money supply in the economy—measured by Money Zero Maturity (MZM)—grew
from $4,791 billion in Jan. 2001 to $9,383 billion on Jan. 2009, a
prodigious 96 percent. Read More………..
