Sunday, December 12, 2010

Record Budget Deficit

WASHINGTON—The U.S. government ran its 26th straight monthly budget deficit in November amid wrangling over a package that would extend big tax cuts to Americans trying to recover from recession.
The Treasury Department, in its regular budget monthly statement, said the government spent $150.4 billion than it collected in the second month of fiscal 2011.
Economists surveyed by Dow Jones Newswires had expected a shortfall of $126.5 billion. November is traditionally a month for deficits.
The Treasury report, detailing the government's spending programs, prompted an economic research firm, Macroeconomic Advisers, to lift its forecast for economic growth from October through December by four-tenths of a percentage point, to 2.7%.
Last month's red ink pushes up the deficit to $290.8 billion for the fiscal year, which began Oct. 1. That figure is a little smaller than the deficit during the same period last year. But President Barack Obama's administration expects the deficit to top $1 trillion in this fiscal year.
More Here..

Copyright Troll Righthaven Sues for Control of Drudge Report Domain


  1. Let's not discuss the 600 billion dollars the FED just printed out of thin air to fund QE II, shall we? After all, money is an ugly subject at the dinner table.

  2. cristmas is coming to town, everybody run underground. as if hiding will save you from flood. this is it people get ready now. Now get in the streets with fire in eyes and metal poles in hand. smash property, wave flags, burn flags, throw some rocks at property. we dont have time left to spare on arguements. words are finished now. Now we need action in streets. lets demanstrate with protests and riots. flags of america and flags of soviet union doesnt matter. all that has matter is that we carry flags and stop athority.

    - Sam

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