RISING DEFICITS AND ....... WORRIES

The U.S. government rang up a $94.32 billion budget deficit in June, a record for the month, as the price tag for efforts to prop up the economy, banks and automakers mounted while revenues weakened.
Move down to the end of the article to get the link but I'll talk you through it anyway.Well as the situation stands,the US deficit is at a post WW2 high and that sure looks gloomy.While,June is usually a month which enjoys a surplus;it is after 1991 that it has experienced a deficit and that is saying something.While a panel of senior economists said last week that the economic crisis will end in Q3 of the fiscal year while others say the deficit is yet to climax at 1.5 trillion.But either way, the situation is uncertain enough to expect this deficit to go down overnight (who would be naive enough to think that?) but as I say lets hope the clouds of doom go away quick enough.