Page 1 of 7 123 ... LastLast
Results 1 to 10 of 66

Thread: Federal Deficit Hits October Record of $176 Billion

  1. #1
    Hard As A Rock
    Strucky's Avatar
    Join Date
    Aug 2009
    Location
    Minnesota
    Last Seen
    10-19-17 @ 08:58 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    2,074

    Federal Deficit Hits October Record of $176 Billion

    Federal Deficit Hits October Record of $176 Billion

    Government Starts New Fiscal Year Deeply in the Red

    By MATTHEW JAFFE
    Nov. 12, 2009

    The U.S. budget deficit for October surged to $176 billion, a record for the month, the Treasury Department announced today.

    During the month, the government racked up $311 billion in outlays compared with $135 billion in receipts.

    The October numbers mark the first month for the new fiscal year after the U.S. wrapped up the 2009 fiscal year that ended on September 30 with a record-high $1.4 trillion budget deficit due to increased government spending to stop the recession and the financial crisis. The final deficit for the 2009 fiscal year was equal to 10 percent of the nation's GDP, the highest shortfall relative to GDP since 1945, the final year of World War II.

    ----------
    "The problem in defense is how far you can go without destroying from within what you are trying to defend from without."

    ~Dwight D. Eisenhower

  2. #2
    Hard As A Rock
    Strucky's Avatar
    Join Date
    Aug 2009
    Location
    Minnesota
    Last Seen
    10-19-17 @ 08:58 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    2,074

    Re: Federal Deficit Hits October Record of $176 Billion

    Thread bump....This is important information.
    "The problem in defense is how far you can go without destroying from within what you are trying to defend from without."

    ~Dwight D. Eisenhower

  3. #3
    Guru
    Councilman's Avatar
    Join Date
    Apr 2009
    Location
    Riverside, County, CA.
    Last Seen
    11-04-11 @ 10:16 PM
    Gender
    Lean
    Conservative
    Posts
    4,454
    Blog Entries
    10

    mad Re: Federal Deficit Hits October Record of $176 Billion

    Was that in real U.S. dollars or Obama Bucks?
    It is curious that all that money is gone and we have nothing really positive to show for it. I'm not very good with enormous numbers like Billions with all those zeros but if you divide this number and the 787 billion dollar bail out by 300 million people what does the come to that we owe or could have had to spend. and would that have done more to help than what was done that got us to the 10.2% phony low ball unemployment figure that is closer to 20%?
    I could come up with better plans for recovery than the idiots in charge. But then I have experience running businesses and operating within a budget. Oh yes that's not fair to expect a bunch of amateurs to know what the hell they are doing. The majority of then never had to meet a payroll or produce positive results in a timely manner. Sorry I guess I ask too much from so many peoples Messiah. I think that's why they get pissed at me and call me racist. I make sense and use logic and Obamanites cane handle the truth.
    Like the solution to the wildly over stated Health Care issue fixing the economy is not rocket science, but it can't be fixed by amateurs playing at Government.

    I guess this is another signal to really stupid Liberals to raise taxes more and drive another few nails in the economies coffin. They sure seem to be trying to kill off.
    Last edited by Councilman; 11-14-09 at 04:41 AM.

  4. #4
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    Today @ 10:51 AM
    Gender
    Lean
    Conservative
    Posts
    76,305

    Re: Federal Deficit Hits October Record of $176 Billion

    Gee, Obama hasn't even taken over healthcare yet, and already they have to raise the debt ceiling.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  5. #5
    Banned
    Join Date
    Nov 2009
    Location
    Epic Mountain
    Last Seen
    12-28-09 @ 06:07 PM
    Gender
    Lean
    Undisclosed
    Posts
    4,384

    Re: Federal Deficit Hits October Record of $176 Billion

    Good thing the Honeymoon got extended! His approval might have really taken a hit otherwise!!

  6. #6
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Yesterday @ 11:42 PM
    Gender
    Lean
    Independent
    Posts
    16,254

    Re: Federal Deficit Hits October Record of $176 Billion

    A boat load of conservatives replying and not one reasonable conservative response.

    So i will ask the so called conservatives for the record, what is wrong with government spending?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  7. #7
    Banned
    Join Date
    Sep 2009
    Last Seen
    01-21-10 @ 02:59 PM
    Lean
    Undisclosed
    Posts
    744

    Re: Federal Deficit Hits October Record of $176 Billion

    Quote Originally Posted by Goldenboy219 View Post
    A boat load of conservatives replying and not one reasonable conservative response.

    So i will ask the so called conservatives for the record, what is wrong with government spending?
    Nothing, as long as you are not writing checks, you cannot cash.

    Are you allowed to do that in your daily life?

  8. #8
    Familiaist


    Join Date
    Mar 2005
    Location
    North Carolina
    Last Seen
    11-16-16 @ 09:36 PM
    Gender
    Lean
    Slightly Conservative
    Posts
    7,470

    Re: Federal Deficit Hits October Record of $176 Billion

    I wonder what he is going to use to pay the bill for sending troops to Afghanistan, that the Right has become obsessive about.
    "I do not underestimate the ability of fanatical groups of terrorists to kill and destroy, but they do not threaten the life of the nation. Whether we would survive Hitler hung in the balance, but there is no doubt that we shall survive al-Qa'ida." -- Lord Hoffmann

  9. #9
    Banned
    Join Date
    Nov 2009
    Location
    Epic Mountain
    Last Seen
    12-28-09 @ 06:07 PM
    Gender
    Lean
    Undisclosed
    Posts
    4,384

    Re: Federal Deficit Hits October Record of $176 Billion

    Quote Originally Posted by Goldenboy219 View Post
    A boat load of conservatives replying and not one reasonable conservative response.

    So i will ask the so called conservatives for the record, what is wrong with government spending?
    It's spending my money?

  10. #10
    Hard As A Rock
    Strucky's Avatar
    Join Date
    Aug 2009
    Location
    Minnesota
    Last Seen
    10-19-17 @ 08:58 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    2,074

    Re: Federal Deficit Hits October Record of $176 Billion

    Quote Originally Posted by Goldenboy219 View Post
    A boat load of conservatives replying and not one reasonable conservative response.

    So i will ask the so called conservatives for the record, what is wrong with government spending?
    Does the so called Libertarian agree with this administrations quadrupling of the budget deficit?
    "The problem in defense is how far you can go without destroying from within what you are trying to defend from without."

    ~Dwight D. Eisenhower

Page 1 of 7 123 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •