US Federal Deficit Totals $844.5B Through 8 Months

[C.Puffs]

"WASHINGTON (AP) -- The federal budget deficit is approaching $1 trillion for a fourth straight year even though the government is collecting more tax revenue than last year.

The Treasury Department said Tuesday that the deficit grew by $124.6 billion in May. That put the deficit through the first eight months of the budget year at $844.5 billion, or 8.9 percent below last year's imbalance for the same period.

Still, the Congressional Budget office forecasts that the deficit for the entire 2012 budget year, which ends Sept. 30, will total $1.17 trillion. That's only a slight improvement from the $1.3 trillion deficit recorded in fiscal 2011. And it is certain to keep the federal budget near the center of the presidential campaign."

http://www.realclearpolitics.com/art...hs_114466.html

Looks like Barry's going for a 4th year in a row with a $1 trillion+ deficit. Go, go, go, spend like it's freeeeee. What the hell is costing a trillion more a year than 5 years ago?

[shermbodius]

Bush is at fault.

[C.Puffs]

Bush is at fault.

Well him and Cheney are almighty powerful. They probably made Barry say the private sector was doing fine too.

[KB]

Let's go with austerity...that seems to be wildly successful across the pond.

http://news.yahoo.com/blogs/ticket/a...143913248.html

[C.Puffs]

Let's go with austerity...that seems to be wildly successful across the pond.

http://news.yahoo.com/blogs/ticket/a...143913248.html

Doesn't seem to be hurting Germany.

[shermbodius]

I don't get the anti austerity thing. Seems to make sense but I am not Greek.

[C.Puffs]

I don't get the anti austerity thing. Seems to make sense but I am not Greek.

Yeah, the Greeks have learned the secret - spend like a motherf--ker and let someone else pick up the tab.

[shermbodius]

yeah, the greeks have learned the secret - spend like a motherf--ker and let someone else pick up the tab.

truuff!!!!!!