The budget deficit is at $1.4 trillion….the highest mark since World War II. However, considering all the economic data, the $1.4 trillion is understandable and a sign of the economic times the nation is experiencing. One must remember that the government gets a bulk of its money from the taxpayer and with the nation suffering the highest unemployment level since the Reagan era, there is less income to tax. In addition, the government has stepped in to prevent the banks and industry giants from failure and thus heading off further tailspin of our economy …and even the world economies. Of course, the two wars being fought is not a pro bono service of the US military and those expenses are only significantly adding to the budget and consequently the deficit. The cost of the lost jobs, failing/rebuilding industry and war results in a $1.4 trillion deficit. As the nation’s industry redefines itself and gets back on track, the jobs will increase and income tax will flow again to cover the present deficit…but there will be other things to create another deficit then. Just remember that the $1.4 trillion represents roughly 10% of the US economy. And while 10% is a huge number, the country is still able to pay its bills and the economy improving….for now.