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Will record U.S. deficit spending suggest a deepening dollar crisis?

*Bloomberg, by Roger Runningen and Brian Faler, February 4, 2008

“President George W. Bush sent Congress a $3.1 trillion federal budget that trims Medicare and health care programs, boosts military spending and projects the deficit this year and next will hit near-record levels.

The spending blueprint for fiscal 2009 is the biggest ever of his presidency. It would slow the growth rate of spending for entitlement programs such as Medicare by $208 billion over five years. Pentagon spending would rise 7.5 percent to $515 billion, the 11th consecutive year of increases.”

*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

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