Posted on 03/07/2011 12:19:57 PM PST by jda
"The federal government posted its largest monthly deficit in history in February at $223 billion, according to preliminary numbers the Congressional Budget Office released Monday morning.
"That figure tops last February’s record of $220.9 billion, and marks the 29th straight month the government has run in the red — a modern record. The last time the federal government posted even a monthly surplus was September 2008, just before the financial collapse.
"Last month’s federal deficit is nearly four times as large as the spending cuts House Republicans have passed in their spending bill, and is more than 30 times the size of Senate Democrats’ opening bid of $6 billion."
(Excerpt) Read more at washingtontimes.com ...
So, the clear answer, according to the liberalistas, is that we must spend more! Makes sense to me - isn't that what everyone does when there's more month left than money???
Good thing the government just cut four billion bucks in spending. Now they only have to do that fifty-five more times to cover February’s deficit (eyeball roll up to the ceiling).
“Government posts biggest monthly deficit ever” saved headline for future recycling.
But no “unexpectedly”, shocked.
So the republicans say the 4 billion cut every 4 weeks is the right way to go in terms of Compromise. So the incremental cuts will reduce the deficit.
So if I pay less the minimum acceptance on my credit card. What happens to my credit card and credit rating.
There has to real cuts coming from Washington DC, Pay cuts, downsizing governmental bureucracy and serious cuts to needless, repetitive agencies.
Yet I will be criticized that I am now going after John Boehner and Paul Ryan as being wussies. I have spoken with John Boehners Office and it has stated “we will go after the deficit in small incremental measures to reduce the deficit.” I simply stated”to the office show me how the incremental cuts will reduce the deficit to a manageable level. I said I really disagree but you will have to show me that it will work, but I have my doubts.”
Oh, there's plenty of money around to pay those massive bills with---- OURS. There's much more of the peoples' money to be taxed yet. This is all part of the liberal COMMUNIST REDISTRIBUTION OF THE WEALTH AGENDA. In Massachusetts the Governor, (Obama's 'bro), is using tax payer money to fund healthy food for "poor" fat people who are fat because they can't access healthy foods like the wealthy can. Yep, you read that right. Ain't Communism great? What the hell, we allowed our nation to become communist; saw it coming for years and most people were too busy playing with their new high tech gadgets and watching the boob tube to do anything about it. You get what you pay for.
It makes me sick.
Remember when it used to take us A WHOLE YEAR to rack up a 230 billion dollar deficit?
y to reduce thw debt is to borrow and spend more!
So long as politicians and voters care about feeling good about themselves, "compassion" will win ever time.
According to Schedule!
Keep up the good work, 0bammy, and Western Civilization will be destroyed in our lifetime!
Moving more and more of my money out of the country.
“Spending a trillion dollars shows that one is compassionate. Cutting a billion dollars shows that one is heartless.”
Of course that’s true! Thanks to public school math, everybody knows that a Billion is MUCH bigger than a Trillion. Duh!
The Guantanamo bay story, while trivial compared with the deficit number, will get all the press, (at least by the main stream media) drowning out this little deficit number thingy.
Political genius; leadership disaster.
Federal budget deficit hits all-time April record ($82.7 billion)
(AP) The federal budget deficit hit an all-time high for April as the government kept spending to aid the recovery while revenue fell sharply.
The Treasury Department said Wednesday the April deficit soared to $82.7 billion. That was significantly higher than last year’s April deficit of $20 billion and the largest imbalance for that month on record. April’s record deficit was higher than it would normally be because about a third of the increase resulted from benefits for May that were paid on the last day in April, analysts note. That was because May 1 fell on a Saturday.
http://www.cbsnews.com/stories/2010/05/12/politics/main6477639.shtml
this from LAST May’s news...
I Don’t think our politicians are capable of even coming close to closing this deficit much-less reversing it to get rid of the debt.
I think we would be better off killing the credit rating of the United States and force the democrats to run gigantic debt in the time they are in office rather then allowing them to take cheap loans which they then pass off to us.
The whole idea of Government being able to run debt is inconsistent with the controls of democracy.
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