Tuesday, August 25, 2009

Ted Kennedy Dies of Brain Cancer at Age 77.

The man known as the "liberal lion of the Senate" had fought a more than year-long battle with brain cancer, and according to his son had lived longer with the disease than his doctors expected him to. "We've lost the irreplaceable center of our family and joyous light in our lives, but the inspiration of his faith, optimism, and perseverance will live on in our hearts forever," the Kennedy family said in a statement. "He loved this country and devoted his life to serving it."..Link

a "line that we don't want to cross"......

We have been here before..............



$9 trillion in deficits....................

NEW YORK (CNNMoney.com) -- The White House now expects the 10-year budget deficit to reach $9.05 trillion, roughly $2 trillion more than it estimated earlier in the year, according to a report released Tuesday by the Office of Management and Budget. Budget office director Peter Orszag pointed to a number of measures put in place to stem the pain of the economic downturn. "As a result of a deeper-than-expected recession, certain spending programs (such as unemployment insurance and food stamps) are projected to automatically increase and revenues are projected to automatically decline, compared to our previous projection," Orszag said in a statement...Link