- 07th January 2005
- John H. Ogwyn (1949–2005)
Federal deficits in the United States are skyrocketing—and there are serious consequences that are ahead for our nation as a result of what's going on in terms of our nation's economy. The Federal deficit from the year 2004 is over one half trillion dollars—over $500 billion! The entire Federal debt is over $7 trillion.