We are heading downhill fast !!!
Posted on 10/15/2010 7:44:45 AM PDT by mandaladon
WASHINGTON – The Obama administration is set to report Friday that the federal budget deficit exceeded $1 trillion for the second straight year, providing critics of government spending with fresh ammunition ahead of the midterm congressional elections.
The Congressional Budget Office is projecting that the deficit for the 2010 budget year that ended Sept. 30 will total $1.29 trillion. That's down by $125 billion from the $1.4 trillion in 2009 - the highest deficit on record.
Soaring deficits have become a problem for Democrats in an election year focused on the weak economy.
(Excerpt) Read more at news.yahoo.com ...
We are heading downhill fast !!!
Behind federal government’s lies: real economic numbers prove US in Great Depression
http://www.helium.com/items/1981088-real-economic-numbers-prove-us-in-great-depression
Shadowstats also provides good info, particularly on employment figures.
It's gonna be a bit more than $1.29 trillion. The fiscal year 2010 excluding September is already at $1.259 trillion.
US Treasury monthly statements:
That's great, Bambi! Keep chipping away at it, bro!
Is there a way out ???
Yes Shadowstats is an excellent resource if you want the truth.
Woah did you see BOA is looking at a $70 Billion loss...
An alarming report on Bank of America, compiled by Branch Hill Capital, a San Francisco hedge fund, circulated widely on Wall Street on Thursday. Branch Hill suggested that the bank, the nation’s largest, could be facing more than $70 billion in losses from mortgage securities that it may have to repurchase from Fannie Mae and Freddie Mac, as well as private investors.
http://www.nytimes.com/2010/10/15/business/15bank.html?_r=2&src=twt&twt=nytimesbusiness
They were downgraded this ugliness is just getting started
So what’s bernanke’s respone? FULL SPEED AHEAD ON THE PRINTING PRESS’S
Bernanke: I’m Going Nuclear
http://www.economicpolicyjournal.com/2010/10/bernanke-im-going-nuclear.html
Full speech
http://www.economicpolicyjournal.com/2010/10/here-it-is-bernankes-speech.html
Weimar-Zimbabwe?
http://www.freerepublic.com/focus/f-news/2607360/posts
I agree only thing is by that time I wonder how bad things will be buckle up other predictions are a full blown Depression.
Bush, that doggone Bush has done it again!
When are we going to throw Bush out of the White House?
Oh yes I propose a 12.5 pct cut in the size of govt over the next four years. I will even let the bureaucrats move each of the agency chairs around. However you are getting 12.5 percent less this year and for the next four years and then we will reevaluate again. A reasonable person could find 6.25 worth of waste and redundancy. These cuts would not even be noticed by the general public til the 3 rounds of cuts. Every household in America is learning to do more with less it is now time for the government to join the rest of us.
US debt Oct 13, 2010 - Day 632 of Maobama
$13,612,299,748,993.36
$2,985,422,700,080.28 - Almost $3 Trillion in half a term.
Oh come on, this isn't important.
Don't you know that O'Donnell was a witch?
What do you mean I have to take over payments?.
the federal budget deficit exceeded $1 trillion for the second straight year
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.