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Federal Deficit Hits October Record of $176 Billion

Strucky

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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.

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Thread bump....This is important information.
 
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.
 
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Gee, Obama hasn't even taken over healthcare yet, and already they have to raise the debt ceiling. :roll:
 
Good thing the Honeymoon got extended! His approval might have really taken a hit otherwise!!
 
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?
 
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?:confused:
 
I wonder what he is going to use to pay the bill for sending troops to Afghanistan, that the Right has become obsessive about.
 
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?
 
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?
 
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.

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The solution is to cut taxes on all of us rich people.
 
The solution is to cut taxes on all of us rich people.

No, the solution is a new world order. These governments have come to the conclusion that they cannot take what sits in banks, trusts, etc, the next step is a new currency, making all of that worthless.
 
Nothing, as long as you are not writing checks, you cannot cash.

The government does not do this. If you believe so, do you have source?

Are you allowed to do that in your daily life?:confused:

You mean take out a loan? Yeah sure.
 
economy, economy, economy is central on the minds of middle americans

i don't think i've ever seen a day in my long life where so many of the usual political parameters have been boiled down to this ONE

it's spelled J-O-B-S

even biden can cipher it, but he can't count the letters

funny aside---i saw conan do a bit, it was called bigmouth biden bass

it was the plastic fish fakely mounted on the wall which you're accustomed to seeing

but when it rotated its fish head 90 degrees to the left to face you full on, instead of saying whatever the famous flounder became famous for saying, it went, in the veep's very voice:

when i was 20 and growing up on the streets of scranton my dad was a postman, and he'd go into the barbershop and talk to the fellas back in the days after the war and find out just what was going on in the lives of average folks who go to 7-11's and buy their coffee and donuts in the morning, and when he'd come home to my mom he'd be full of stories about...

and on...

and on...

and on...

but, back to obama

he's gonna "pivot" now, he telegraphs, to the economy/jobs/spending/deficits...

LOL!

talk about a president with no street cred on the topic

all he's done so far in the way of trying to "help" turn the only issue most americans really care about is his "stimulus," cap and trade and health care

and now, precipitously, he's gonna spin?

gentlefolk are gonna guffaw

if he'd really wanted to help he could've devoted part of the 787B to a 2-year halving of payroll taxes

THAT would have created job growth

instead, he let pelosi write the thing which, no surprise, became the worst of beltway bacon, traditional pork, all earmarked up

money for turtles and masseuses and sex studies and radioactive bunny droppings

and a thousand other silly points of light

so he suddenly hears virginia?

i just knew those big ears would some day pay off
 
It's spending my money?

No not really it is not. It is primarily very wealthy peoples money. Regardless of "whose"... were you getting pissed off when Bush expanded the defense budget by hundreds of billions of dollars? Of course not.

My question is, why is spending arbitrary to both liberals and conservatives?
 
The government does not do this. If you believe so, do you have source?
Yes, it is called the national debt clock.....


You mean take out a loan? Yeah sure.

Again, check out the national debt clock, as well as the recent bubble that burst, and well, I could go on all day......

I think you need to rethink the "libertarian' tag on your bio, and just replace it with "confused":confused:
 
No not really it is not. It is primarily very wealthy peoples money. Regardless of "whose"... were you getting pissed off when Bush expanded the defense budget by hundreds of billions of dollars? Of course not.

My question is, why is spending arbitrary to both liberals and conservatives?

Because it's not THEIR money. And I am mad whenever I have to pay the government for a lot of things. I'm a minarchist. In relation to government, I'll take the Basic Package.
 
the dollar is gonna collapse

ask govener paterson of new york
 
Does the so called Libertarian agree with this administrations quadrupling of the budget deficit?

No. But not because i believe government spending per se is bad.
 
the dollar is gonna collapse

ask govener paterson of new york

Probably not. But we will have a sure increase in exports:2razz:
 
deficits in excess of 10% of gdp are suicide

ask keynes
 
not even that, it appears

Trade Deficit in U.S. Increases by Most Since 1999 (Update2) - Bloomberg.com

foreign autos, in spite of (or thanks to) clunkers

this prez can't do a single thing right

you probably hear the above claim as political spin

it's not, he's that bad

That is a suspicious way of trying to manipulate numbers to contend my reply. The article you put forth only describes volatility and an improved sentiment of the US consumer. Please keep in mind the demand shocks last year that sent oil from $140 --> $30.

;)
 

One must wonder if you can read. From your article:

"Exports rose 2.9 percent to $132 billion, the most this year, propelled by sales of civilian aircraft, industrial machines and petroleum products"

An increasing trade deficit does not equate to diminishing exports.
If imports rise at 5%, but exports at 2% compared to last year's spread of 1%, the trade deficit has grown but exports have also grown.

Please read your articles in addition to actually understanding the concepts before posting. Kthxbye.
 
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