Drunken Sailor Spending

[Mike]

The U.S. government just notched its highest ever monthly deficit, with the red rink running to an estimated $229 billion in February.

The Congressional Budget Office, in a preliminary analysis, reported that the February 2012 deficit broke last year's monthly record of $223 billion.

The office attributed the shortfall in part to a decline in revenue -- mainly because of a $25 billion increase in income tax refunds thanks to disbursement timing issues.

According to the CBO, processing delays pushed refund payments that would have been distributed in January off into February. And the additional day in February this year allowed for extra refunds to be distributed during the month that otherwise would have been paid out in March.

The CBO projected that for the first five months of the fiscal year, the federal government is running a $578 billion deficit.

The projected deficit this year is once again projected to top $1 trillion.


Read more: http://www.foxnews.com/politics/2012/03/08/government-records-highest-ever-monthly-deficit/#ixzz1oci2NJqo

 

[Steve]

First Mike we need to set a few things straight...

The comparison is not fair on drunken sailors..

Drunken sailors often do not have trillion dollar credit line... they have to just spend their entire paycheck , and maybe the next.. not the next several generations check...

even if they get a payday loan and a credit card.. it still has limits... unlike Obama, they can't raise the limit just cause they want to go on the next spending binge..

you were really out of line with this comparison.. and owe an apology to drunken sailors worldwide..

 

[Mike]

you were really out of line with this comparison.. and owe an apology to drunken sailors worldwide..

Agreed, and along the same side of continuity, OT owes George Bush an apology for his comparing Bush to drunken sailor spending. During his term, the two largest catastrophies in USA history happened and forced extreme measures.

OT wrote on Nov 18, 2007:

Who pays for the Trillions $ worth of money GW has borrowed-- from all the foreign countries-- from our Social Security fund that will go broke if unpaid-- from our kids futures

As is being shown in this huge mortgage fraud--

GW's and the Republican Congress's lack of "fiscal responsibility" and drunken sailer spending is the reason D.C. will be controlled by the Democrats for the next decade or two-- and taxes will be increased- and many social policies not liked by many on here will be passed....

 

[Faster horses]

you were really out of line with this comparison.. and owe an apology to drunken sailors worldwide..

Agreed, and along the same side of continuity, OT owes George Bush an apology for his comparing Bush to drunken sailor spending. During his term, the two largest catastrophies in USA history happened and forced extreme measures.

OT wrote on Nov 18, 2007:

Who pays for the Trillions $ worth of money GW has borrowed-- from all the foreign countries-- from our Social Security fund that will go broke if unpaid-- from our kids futures

As is being shown in this huge mortgage fraud--

GW's and the Republican Congress's lack of "fiscal responsibility" and drunken sailer spending is the reason D.C. will be controlled by the Democrats for the next decade or two-- and taxes will be increased- and many social policies not liked by many on here will be passed....

:agree:

First thought that ran through my head when I read the post.