U.S. Budget Deficit Grows $1 Million Every 11 Seconds

khothla

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U.S. Budget Deficit Grows $1 Million Every 11 Seconds



Between enormous expenditures and sagging revenues, the U.S. government in February managed to enlarge the deficit by $1 million every 11 seconds. February went down as the worst ever for monthly shortfalls, at $220.9 billion. This total was 14% higher than February 2009, which set the previous record. February is traditionally a bad month for deficits because that is when the government sends out tax refund checks.

The government is on pace to set the record for annual budget deficits, with 2010 figuring to be $1.56 trillion. Last year, it was $1.4 trillion. Things probably won’t get better in 2011, which is expected to post at least a $1 trillion gap. If this happens, it will mark the first time in U.S. history that the country endured three straight years of $1 trillion-plus deficits.
 
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U.S. Budget Deficit Grows $1 Million Every 11 Seconds



Between enormous expenditures and sagging revenues, the U.S. government in February managed to enlarge the deficit by $1 million every 11 seconds. February went down as the worst ever for monthly shortfalls, at $220.9 billion. This total was 14% higher than February 2009, which set the previous record. February is traditionally a bad month for deficits because that is when the government sends out tax refund checks.

The government is on pace to set the record for annual budget deficits, with 2010 figuring to be $1.56 trillion. Last year, it was $1.4 trillion. Things probably won’t get better in 2011, which is expected to post at least a $1 trillion gap. If this happens, it will mark the first time in U.S. history that the country endured three straight years of $1 trillion-plus deficits.

You forgot to add...

...and liberals and progressives everywhere are happy knowing the destruction of America is eminent...
 
You forgot to add...

...and liberals and progressives everywhere are happy knowing the destruction of America is eminent...
....And, we've only got The Idiot Son to Thank.

:rolleyes:

"Repeatedly, President-elect, and then President, Bush talked about how the economy was in trouble. Arriving in office following the longest continuous economic upturn in generations, President Bush seized on a stock market that had faltered some in the uncertainty following the 2000 Presidential election.

The "bad" economy, he talked about. Again and again. The "bad" economy.

You know what happened as a result? I can tell you from my personal experience, the CFO of the corporation I was working for called a meeting and said, "The President keeps talking about the economy being 'bad.' Now, things don't seem bad, but let's just hold off on any new hires until we see how this pans out. And, let's hold off on all non-vital purchases, just for the time being."

And you can see right there how simply the words of President George W. Bush started slamming the breaks of the economy.

This, of course, all snowballed."

BTW.....eminent.....really?

I'm sure (being the typical "conservative"/Freeper English Major) the term you were struggling-for was imminent.....you know, how imminent (you folks insisted) it was, that BUSHCO's tax-cuts would strengthen our economy.

:rolleyes:
 
U.S. Budget Deficit Grows $1 Million Every 11 Seconds

I am not aware of the Congressional Budget Office calculating or posting the monthly budget deficit, let alone calculating it every 11 seconds. The deficit figures readily available and posted on their website are calculated at the end of each year.

If you calculate the total deficits at the end of each Presidential term, it shows that Republican administrations have produced larger deficits than Democratic administrations for the past fifty years.

Can you give the government website that posts the deficit in smaller than one year increments? The reference you gave is not a government website and shows no references as to where it came up with these figures.
 
You forgot to add...

...and liberals and progressives everywhere are happy knowing the destruction of America is eminent...

This is simply not a true statement. The only Americans to advocate the destruction of the Federal Government have been Republicans. The Republican Majority leader Tom Delay stated openly that Republicans had a mandate to destroy the Federal Government and let America be ruled by corporations. His life and times and public statements have been captured on a dvd movie called The Big Buy available at many public libraries.
 
I am not aware of the Congressional Budget Office calculating or posting the monthly budget deficit, let alone calculating it every 11 seconds. The deficit figures readily available and posted on their website are calculated at the end of each year.

If you calculate the total deficits at the end of each Presidential term, it shows that Republican administrations have produced larger deficits than Democratic administrations for the past fifty years.

Can you give the government website that posts the deficit in smaller than one year increments? The reference you gave is not a government website and shows no references as to where it came up with these figures.

Are you still awaiting for government websites for correct information.....keep waiting. These goons at the Government that you are referring to are the very thugs that are responsible for getting America into all sorts of Financial, Economic and Treasonous problems.

The Money Master and Mastermind of the 911 Terror Attack

Zionist Architects of the war are the Architects of 911

Dov Zakheim swindled billions of Taxpayers money when in charge of the Cooked Books at the Pentagon.....why is there no investigations on this corruption and to the fact that all these looted money is going directly to Israel

Check out this Link :

http://factsnotfairies.blogspot.com/2008/04/money-master-and-mastermind-of-911.html
 
I am not aware of the Congressional Budget Office calculating or posting the monthly budget deficit, let alone calculating it every 11 seconds. The deficit figures readily available and posted on their website are calculated at the end of each year.

If you calculate the total deficits at the end of each Presidential term, it shows that Republican administrations have produced larger deficits than Democratic administrations for the past fifty years.

Can you give the government website that posts the deficit in smaller than one year increments? The reference you gave is not a government website and shows no references as to where it came up with these figures.



says treasury here
 
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