Bush Deficit vs. Obama Deficit in Pictures
http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/
Posted on 12/08/2009 12:54:20 PM PST by MissesBush
WASHINGTON, Dec 4 (Reuters) - The U.S. government racked up a gaping shortfall in the first two months of this fiscal year after posting a record budget deficit last year, congressional analysts said on Friday.
In October and November, the government spent $292 billion more than it took in, the nonpartisan Congressional Budget Office said.
That was even worse than the same period last year, when the government was on its way to posting a record $1.4 trillion deficit for the fiscal year that ended Sept. 30.
The federal budget has been battered by the worst economic downturn since the Great Depression of the 1930s, as tax revenues have plunged and spending on safety-net programs like unemployment insurance have skyrocketed.
The budget deficit was $176.4 billion in October, according to Treasury Department records, and the CBO estimated the deficit for November will have come in at $115 billion.
The CBO gave its figures in billions of dollars and said numbers may not add up to the totals because of rounding.
Receipts totaled $132 billion in November, the CBO estimated, down 9 percent from the same month last year. That was partly due to new legislation that gives increased tax write-offs to corporations.
Outlays were down $23 billion from a year earlier, the CBO estimated, as the government spent less on federal programs to stem the financial crisis.
(Excerpt) Read more at reuters.com ...
Bush’s Fault??
But of course. Oh, and “the economy’s” fault too if you read the article...of course it has nothing to do with the massive spending coming out of the Obama White House and Congress.
The list, ping
The really sad part of all this is how probable it is that just 1% of the people who voted for Barak Obama (if that many) would even give a damn.
You know what they say, "A trillion here and a trillion there, pretty soon you're talking REAL money."
Don’t cha know obama is gonna spend us right out of this!
Nation must ‘spend our way out of this recession’
dig that hole all the way to China that’s the plan!
proserity is just around the teleprompter...
Don’t forget this little comment they made yesterday...
“The non-partisan Congressional Budget Office (CBO) took a look at that issue and reported today that 10 million people will lose employer health coverage under the present Senate plan “
NICE WORK DEMOCRATS, IN ORDER TO COVER SOME MANY WILL LOSE THEY INSURANCE...YOU ARE A BUNCH OF IDIOTS!
Look at the bright side, many people thought we would hit the TRILLION deficit mark. It hasn’t happened.
Depends on how you look at it.
Actually, they will still be covered by their employer, but the employer (slaveowner) will change: the US government.
Margaret Thatcher: “The trouble with Socialism is, sooner or later you run out of other people’s money.”
Please reread my link...it states “”Firms that would choose not to offer coverage as a result of the proposal would tend to be smaller employers and employers that predominantly employ lower-wage workers‚”people who would be eligible for subsidies through the exchange,” The CBO reports, “although some workers who would not have employment-based coverage because of the proposal would not be eligible for such subsidies.” “
See the part that says “”would not be eligible for such subsidies.” “..........Sounds like NO COVERAGE to me.
That's because in November Bush signed on WITH Office Of The President Elect Obama for Paulson's "emergency bailout" spending.
Well the stock market is just a tracking poll, don’t you know?
We can’t possibly dig to China because, as Algore has made clear, (this is settled science)the Earth’s innards are millions of degrees in temperature.
Hasn’t happened YET. Keep in mind this is only for the first 2 months of the new fiscal year, October and November. In two months they ran up almost 300 billion in deficit! That’s a lot more than most entire years during the Bush admin.
The *silent* tax revolt is beginning to show.
All wars are economic in basis. Obama is winning. Soon the USA will be conquered
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