US Posts Biggest March Budget Deficit In History

ZeroHedge ^ | 4/11/2012 | Tyler Durden

[Psycho_Bunny]

This spending is High Treason.

[kabar]

Presidents have something called the veto. With Obama in the WH, he can block anything coming out the Congress. The Reps don't hold a veto proof majority in the House and the Dems control the Senate.

I assume Romney would try to stall the implementation of Obamacare; eliminate the Obama czars that are using executve branch regulations to stifle the economy; try to enforce our immigration laws and secure the border--something Obama is not doing; rescind all of Obama's executive orders; take the political influence away from the actions of the DOJ; increase drilling and energy exploration of federal lands, etc.

[ZOOKER]

Back in the '70s, at the height of the VN war, CBS reported that we were spending more than a MILLION dollars a day on the war! Scandalous, according to Cronkite.

Chump change! Now, the US gov't is spending more than 6 BILLION dollars a day that it doesn't have.

Just to be clear, that's a deficit of $6B a day - in addition to the tax money they take in and spend.

[Drill Thrawl]

Veto schmeto. The debt can not get that big unless CONGRESS spends the money.

[EGPWS]

Hey lets obsess over Zimmerman!!!!

Really, why are we sweating a couple of bucks owed when racism is rampant and there is a critical election coming in November to keep the Savior in the Oval Office to save our democracy?

[kabar]

This brings the total deficit in fiscal 2012 to $779 billion, which is to be expected for a country gripped in total political chaos and which is unable to either raise revenues or lower spending

We are halfway thru the fiscal year. Another $1 trillion plus added to our national debt, which is why little Timmy has been saying that we may have to get another debt ceiling increase this year--perhaps before the election.

[kabar]

With three quarters of the budget being spent on entitlement and welfare programs and debt servicing costs, Congress is not going to commit political suicide and stop funding these programs. Our revenue just covers these costs. The money for the rest of government, including defense is borrowed.

[OwenKellogg]

This spending is High Treason.

---

That would make a great campaign slogan, if there was anyone with a spine.

[kabar]

One other note re the entitlement programs. 10,000 people a day are turning 65 and will continue to do so for the next 20 years. By 2030 one in five residents of this country will be 65 or older, twice what it is now.

An by 2030 there will be just two workers for every retiree compared to 3.3 today and 16 in 1950. The chickens are coming home to roost.

[familyop]

We are Zimmerman. But on the budget deficits, good! Less money for public mischief against private citizens. The less, the better. On to default and properly small government.

[Cobra64]

Hey lets obsess over Zimmerman!!!!

Some of us are... There must be a hundred threads a day following this soap opera.

[SMARTY]

“O” and all his creatures are criminally clueless.

They can’t sail the ship, so they foul the rigging!!

[DB]

Its an election year. Got to keep the smoke and mirrors going.

Just consider what the true state of the economy is when you remove all that borrowed/printed money... All that money is counted as “GDP” which has become meaningless.

They claim “recovery” only because they are spending everyone’s long term future now to retain power.