http://www.cnsnews.com/news/article/53246 Federal Government Will Borrow 40 Percent of the Money It Spends Next Year, Says White House Report Monday, August 31, 2009 By Matt Cover President Barack Obama (AP Photo)(CNSNews.com) – According to the Obama administration’s mid-session budget update, the federal government will have to borrow nearly 40 percent of its total expenditures in 2010, a level not seen since World War II. SNIP This level of borrowing is unprecedented even during recessions. During the long recession of the 1970’s, federal borrowing never rose above 20 percent of total expenditures despite nearly a decade of sluggish economic growth, high inflation and an international oil crisis. snip ...The White House thinks growth is going to rebound pretty quickly … which I find unrealistic, given some of the anti-growth policies that are a part of the president’s budget. “Tax increases, cap-and-trade, health care, all of these are going to harm the economy, and they’re going to reduce the growth rate long-term,” he added.