The U.S.’s 2009 budget gap widened to $1.42 trillion

You cannot run deficits when you are a debtor nation. That is unsustainable. That means that we depend on the generosity of the Communist Chinese, or we print money. All that does is create inflation. We are on the verge of financial catastrophe - still.

in reference to:

"The U.S.’s 2009 budget gap widened to $1.42 trillion as
the deepest recession since the 1930s crippled tax revenue and
the administration increased spending to rescue the economy.
The shortfall for the 12 months ended Sept. 30 was more than
triple the $455 billion record set a year earlier, the Treasury
Department said today in Washington."
- Geithner Says U.S. Must Instill Confidence in Fiscal Management - Bloomberg.com (view on Google Sidewiki)