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View Full Version : $165 Billion Deficit for July alone.



djones520
08-12-2010, 06:01 AM
The U.S. government spent itself deeper into the red last month, paying nearly $20 billion in interest on debt and an additional $9.8 billion to help unemployed Americans.

Federal spending eclipsed revenue for the 22nd straight time, the Treasury Department said Wednesday. The $165.04 billion deficit, while a bit smaller than the $169.5 billion shortfall expected by economists polled by Dow Jones Newswires, was the second highest for the month on record. The highest was $180.68 billion in July 2009.

The government usually runs a deficit during July, which is the 10th month of the fiscal year. So far in fiscal 2010, the government spent $1.169 trillion more than it made. That figure is about $98 billion lower than during the comparable period a year earlier.

For all of fiscal 2009, the U.S. ran a record $1.42 trillion deficit. Fiscal 2010 might run a little higher—the Obama administration sees $1.47 trillion.

Wednesday's monthly Treasury statement said U.S. government revenues in July totaled $155.55 billion, compared with $151.48 billion in July 2009.


http://online.wsj.com/article/SB10001424052748704901104575423601722830706.html

Three Trillion Dollars in new debt in two years. With the Budget Obama supplied for next year, that'll be close to 4.3 trillion. By all accounts, 2012 will take us to nearly 6 trillion.

US Public debt grew just under 5 trillion from 2000-2008. So in 4 years Obama will have added as much debt as the Bush Administration did in 8 years.

Satanicus
08-12-2010, 06:45 AM
http://online.wsj.com/article/SB10001424052748704901104575423601722830706.html

Three Trillion Dollars in new debt in two years. With the Budget Obama supplied for next year, that'll be close to 4.3 trillion. By all accounts, 2012 will take us to nearly 6 trillion.

US Public debt grew just under 5 trillion from 2000-2008. So in 4 years Obama will have added as much debt as the Bush Administration did in 8 years.

The article is lying.

The deficit for 2009 was higher. Bush kept the wars off the fiscal number they are reporting.

The 2010 deficit has the wars included.

Looking at the US Treasury numbers will show you 2009 was much much higher.

PoliCon
08-12-2010, 06:47 AM
The article is lying.

The deficit for 2009 was higher. Bush kept the wars off the fiscal number they are reporting.

The 2010 deficit has the wars included.

Looking at the US Treasury numbers will show you 2009 was much much higher.

http://ihasahotdog.files.wordpress.com/2009/07/funny-dog-pictures-stupid-magnitude.jpg

djones520
08-12-2010, 07:20 AM
The article is lying.

The deficit for 2009 was higher. Bush kept the wars off the fiscal number they are reporting.

The 2010 deficit has the wars included.

Looking at the US Treasury numbers will show you 2009 was much much higher.

Why don't you write a letter to the editor and tell him that.

Zathras
08-12-2010, 11:28 AM
The article is lying.

The deficit for 2009 was higher. Bush kept the wars off the fiscal number they are reporting.

The 2010 deficit has the wars included.

Looking at the US Treasury numbers will show you 2009 was much much higher.

http://img.photobucket.com/albums/v602/HeroesAtWork/462.jpg

Molon Labe
08-12-2010, 11:36 AM
The article is lying.

The deficit for 2009 was higher. Bush kept the wars off the fiscal number they are reporting.

The 2010 deficit has the wars included.

Looking at the US Treasury numbers will show you 2009 was much much higher.

bull

lacarnut
08-12-2010, 11:44 AM
The article is lying.

The deficit for 2009 was higher. Bush kept the wars off the fiscal number they are reporting.

The 2010 deficit has the wars included.

Looking at the US Treasury numbers will show you 2009 was much much higher.

The Community Organizer and his half brain VP are so far over their head, we will be lucky if we do not do the double dip or worse a depression.

The facts are that the Congress, Bush and Obama have racked up so much debt that we will never be able to pay it off. Obama is spending it twice as fast as Bush.

Rebel Yell
08-12-2010, 11:53 AM
Obama is spending it twice as fast as Bush.

No he's not!!!!!!!:mad: That's it. That's my argument.:rolleyes:

namvet
08-12-2010, 12:23 PM
http://i410.photobucket.com/albums/pp181/replicators_album/gifs/obama.gif

im glad i moved all my savings outta this country

malloc
08-12-2010, 12:27 PM
Anyone ever notice how 90% of Satanicus's posts start with "This is lie!" even when we are quoting articles that come from news sources.

I guess anytime a news agency has something bad to about Shitanicus Obamessaih "It's a lie! Lies I tell you! Lie!" every time.

Wow a jacktard weasel this little shit is.

Articulate_Ape
08-12-2010, 12:39 PM
The article is lying.

The deficit for 2009 was higher. Bush kept the wars off the fiscal number they are reporting.

The 2010 deficit has the wars included.

Looking at the US Treasury numbers will show you 2009 was much much higher.


Here’s a look at the US federal budget deficit (http://www.cbo.gov/ftpdocs/100xx/doc10014/March2009_HistoricalTables.pdf) according to the CBO:

US Federal Budget Deficit
Year Deficit
1996 -107
1997 -22
1998 69
1999 125
2000 236
2001 128
2002 -157
2003 -377
2004 -412
2005 -318
2006 -248
2007 -160
2008 -454
2009 -1,415
2010 -1,652 (estimated)


Ya jackass.

Molon Labe
08-12-2010, 12:40 PM
I don't see this thing going backwards

http://www.usdebtclock.org/#