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Buckwheat's Budget Busting Boondoggle

Mike

Well-known member
U.S. budget deficit rises above $1 trillion
Market Watch ^ | 7/13/2009 | Robert Schroeder



WASHINGTON (MarketWatch) -- The U.S. recorded a federal budget deficit of $94.3 billion in June, pushing the cumulative deficit so far this year to a record $1.08 trillion, the Treasury Department reported Monday.

Outlays rose in June to $309.6 billion, while receipts climbed to $215.3 billion in the month.

Among the outlays for June is $11.3 billion in Troubled Asset Relief Program funds, the bailout program for banks and U.S. automakers.

At this time last year, the cumulative federal budget deficit was just $285.8 billion.

The Obama administration expects a deficit of $1.84 trillion for the full fiscal year, which ends in September. However, that number is likely to be revised higher later this month, since the economy has been much weaker than when the original estimate was made.

The budget deficit for June is down from the $189.7 billion figure in May but was still enough to push the fiscal year-to-date deficit past the $1 trillion mark.

For fiscal year 2010, which begins in October, the administration is projecting a $1.26 trillion deficit.
:lol:
 

backhoeboogie

Well-known member
pushing the cumulative deficit so far this year to a record $1.08 trillion, the Treasury Department reported Monday.

Democrats don't understand "cumulative." They were on Face the Nation this weekend talking about the unemployment situation getting better because less people los their jobs in June than in May. There was no comprehension of the accumulation for those who were still unemployed from January, February, March, April or May.

Either the dude was a complete idiot or else he is playing the American public as complete fools. Keep pouring the kool aid if folks keep drinking it.
 

aplusmnt

Well-known member
backhoeboogie said:
pushing the cumulative deficit so far this year to a record $1.08 trillion, the Treasury Department reported Monday.

Democrats don't understand "cumulative." They were on Face the Nation this weekend talking about the unemployment situation getting better because less people los their jobs in June than in May. There was no comprehension of the accumulation for those who were still unemployed from January, February, March, April or May.

Either the dude was a complete idiot or else he is playing the American public as complete fools. Keep pouring the kool aid if folks keep drinking it.

Once everyone looses their Jobs Obama will consider that a success since no one lost their job the next month...... :roll:
 

backhoeboogie

Well-known member
aplusmnt said:
backhoeboogie said:
pushing the cumulative deficit so far this year to a record $1.08 trillion, the Treasury Department reported Monday.

Democrats don't understand "cumulative." They were on Face the Nation this weekend talking about the unemployment situation getting better because less people los their jobs in June than in May. There was no comprehension of the accumulation for those who were still unemployed from January, February, March, April or May.

Either the dude was a complete idiot or else he is playing the American public as complete fools. Keep pouring the kool aid if folks keep drinking it.

Once everyone looses their Jobs Obama will consider that a success since no one lost their job the next month...... :roll:

Exactly. They dispute facts and offer rhetoric with nothing to back it up.

Why watch a presidential address? Just let us read that teleprompter instead.
 
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