Posted on 09/11/2009 4:18:47 PM PDT by SeattleBruce
WASHINGTON (AP) - The federal deficit surged higher into record territory in August, hitting $1.38 trillion with one month left in the budget year. The Treasury Department says the deficit last month was $111.4 billion, below the $152 billion that economists expected.
Still, the imbalance added to a flood of red ink already accumulated through a severe recession and massive spending needed to stabilize the banking system.
(Excerpt) Read more at breitbart.com ...
Let's keep fighting this craziness folks.
Go 9/12ers!
It’s all Bush’s fault with his “tax cuts for the rich”!
One more month to go?
They better spend what’s left in the budget or it’ll be cut for next year.
(yeah, I know, we have a better chance of having a year with fewer months)
This administration is destroying our nation's credit worthiness at a record pace. When the big buyers of US debt decide they want no more, the manure is going to hit the fan. Once again, the administration will be “surprised” by it all.
Obama (with zero finance or accounting experience) is pushing us to financial ruin. No lies he can spout can change the numbers. Tax cheat Geitner’s blather is also meaningless in the grand landscape of this mountain of debt.
This is financial suicide.
The American people will be left with the shambles of this folly.
I heard Obama has moved some spending the next fiscal year to lower the horrible deficit numbers for this year and the Fed currently has interest rates at 0, this can’t last and the interest on debt will really start to jump soon.
Just like the unemployment numbers, the number of people in the workforce keeps dropping when the unemployment rate stays about the same. When it jumps the labor force increases a little bit.
No lies he can spout can change the numbers. Tax cheat Geitner’s blather is also meaningless in the grand landscape of this mountain of debt.
This is financial suicide.
The American people will be left with the shambles of this folly.
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Exactly. And it really TICKS me off that ‘classic liberals’ support this crap. I agree - NUMBERS DON’T LIE. Obama and crew do. Joe Wilson reminded us of that publicly.
Yeah, we’re gunna have to clean this pile of poo up for those IDIOTS and the Bush admin group that thought we could fund prescriptions while fighting a two front war.
Classic liberalism is dead.
Just like honest journalism.
RIP.
Some more good news. The deficit was "only" $111.4 billion.
Just like the unemployment numbers, the number of people in the workforce keeps dropping when the unemployment rate stays about the same. When it jumps the labor force increases a little bit.
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So you’re sayin’ they’re cookin’ the books? Yeah, undoubtedly to the extent they possibly can. Also, we need to keep an eye on the U6 unemployment rate which is 16.8%.
Does anyone know what the U6 rate was under President Bush?
Some more good news. The deficit was “only” $111.4 billion.
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Yeah, don’t you love *that* pathetic spin. Does your head hurt (like mine) from all the pathetic spinning and outright lies of the democRATS?
WASHINGTON (AP) - The federal deficit surged higher into record territory in August, hitting $1.38 trillion with one month left in the budget year. The Treasury Department says the deficit last month was $111.4 billion, below the $152 billion that economists expected.
Still, the imbalance added to a flood of red ink already accumulated through a severe recession and massive spending needed to stabilize the banking system.
Inside a deficit of $1.38 trillion, and a one-month $111.4 billion deficit, it rates FIRST PARAGRAPH TREATMENT that the defict last month came in under the expected number — however that expectation might have been determined.
In fact, why not just say the “expected” number was $777777777777777777 trillion kabillion azillion and then note that golly, Gomer, $1.38 trillion is LOT LESS than that—??
“Expected” by which economists (exactly who), and how, why, when, where...? (And, were there any economists alive at all who did NOT expect it to come in at $152 billion. How about someone who had it pegged at $149.75682 billion?)
I wonder if anyone from AP remembers Journalism 101. Whoops, I forgot. To get a job at AP these days you study sociology. I mean, after all, to be the lead “news” reporter at the Washington Post you need to have run for president of your Ivy League school on the “socialist” ticket (as well as majoring in sociology).
Oh, I know, I know. That sociology thing comes in REAL handy when you are dealing with expected deficits, real deficits and attention deficits too.
(And, were there any economists alive at all who did NOT expect it to come in at $152 billion. How about someone who had it pegged at $149.75682 billion?)
I wonder if anyone from AP remembers Journalism 101. Whoops, I forgot. To get a job at AP these days you study sociology. I mean, after all, to be the lead “news” reporter at the Washington Post you need to have run for president of your Ivy League school on the “socialist” ticket (as well as majoring in sociology).
Oh, I know, I know. That sociology thing comes in REAL handy when you are dealing with expected deficits, real deficits and attention deficits too.
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That’s funny! Thanks for putting some comic relief on this topic!
That’s funny! Thanks for putting some comic relief on this topic!
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