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Posted on 07/13/2011 4:33:34 PM PDT by tobyhill
As lawmakers dither about how to raise the nation’s $14.3 trillion debt ceiling, the Treasury Department on Wednesday announced the deficit for the first nine months of the budget year totaled $971 billion, marking the third straight year of a deficit of $1 trillion or more.
The Associated Press reported the deficit will likely eclipse last year’s $1.29 trillion mark, according to Congressional Budget Office estimates. The record deficit was $1.41 trillion in 2009.
(Excerpt) Read more at politico.com ...
insanity
How could the GOP blow it this bad?
Awesome!
Awesome!
Awesome!
rats...triple post...oops.
Erskine Bowles is Soros’ Lt. and was in on the ‘Debt Commission’ liars club. Soros has given the word to sink the US via debt.
http://thenationalscene.com/obama-administration-intentionally-sabotaging-economy/
At least the Republicans haven’t given 0bama a fat lip.
Recommend people reread the article. It’s good. And, it’s old: “If anything, the passing of this financial reform bill is a guarantee that the U.S. economy is not going to recover, and that the stock market will crash again and again and again, leading to more job losses and increased unemployment.
Why are they doing this? Tim Geithner just gave you the answer. They do not want the United States of America to drive global growth anymore…They are bursting what George Soros calls the bubble of American supremacy in order to achieve global equilibrium among nations.”
Obama should go for $2T! Just think how our economy will grow with the government borrowing 75% of everything it spends.
What’s amazing, is that Obama raises spending and taxes all by himself, and Congress has nothing to do with it. We’re told, “Look at Obama!” And spending and taxes go up without anyone knowing how it happened.
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