Posted on 09/11/2009 2:53:35 PM PDT by RobinMasters
And believe it or not, that number’s “better than anticipated.” Much like how it’s “better than anticipated” that we’re “only” losing 200,000 jobs a month these days, after we were assured back in February that the stimulus would cap unemployment at eight percent.
The government in August took in $145 billion in receipts, but $256 billion in outlays led to an overall monthly deficit of $111 billion. That number is better than anticipated — most expectations were that the government had added $162 billion to its tab last month.
The record deficit stems from increased government spending to stop the recession and financial crisis combined with lower government tax revenues.
(Excerpt) Read more at hotair.com ...
Ping.
That’s not enough for “hope” and “change.” Hurry up, lefties, spend the rest of the $10 trillion, so we can see the defaults, subsequent smaller government and new leadership!
The change is increasing...
According to Joe Biden we will have to spend a little faster to avoid going bankrupt.
Outlays are almost double receipts? From Mr. “Won’t add a dime to the deficit”!?
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