Drudge nails deficit disaster!!!

Discussion in 'Economy' started by skookerasbil, May 12, 2010.

  1. skookerasbil
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    skookerasbil Gold Member

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    #1 Headline on DRUDGE right now!!!!!!! That means 30 million people will take a gandor over to the site and see this wOnDeRfUl news!!!:lol:

    (Reuters) - The United States posted an $82.69 billion deficit in April, nearly four times the $20.91 billion shortfall registered in April 2009 and the largest on record for that month, the Treasury Department said on Wednesday.

    Greece

    It was more than twice the $40-billion deficit that Wall Street economists surveyed by Reuters had forecast and was striking since April marks the filing deadline for individual income taxes that are the main source of government revenue.

    Department officials said that in prior years, there was a surplus during April in 43 out of the past 56 years.

    The government has now posted 19 consecutive monthly budget deficits, the longest string of shortfalls on record.

    For the first seven months of fiscal 2010, which ends September 30, the cumulative budget deficit totals $799.68 billion, down slightly from $802.3 billion in the comparable period of fiscal 2009.

    Outlays during April rose to $327.96 billion from $218.75 billion in March and were up from $287.11 billion in April 2009. It was a record level of outlays for an April.

    Department officials noted there were five Fridays in April this year, which helped account for higher outlays since most tax refunds are issued on that day.

    But for the first seven months of the fiscal year, outlays fell to $1.99 trillion from $2.06 trillion in the comparable period of fiscal 2009, partly because of repayments by banks of bailout funds they received during the financial crisis.

    Receipts in April -- mostly from income taxes -- were $245.27 billion, up from $153.36 billion in March but lower than the $266.21 billion taken in during April 2009.

    Receipts from individuals, who faced an April 15 filing deadline for paying 2009 taxes, fell to $107.31 billion from $137.67 billion in April 2009.

    The U.S. full-year deficit this year is projected at $1.5 trillion on top of a $1.4 trillion shortfall last year.



    Now.........lets call a spade a spade here shall we????

    How many times a day do we see the k00ks referring to the "Reagan deficits" or the "Bush deficits". I cant stop laughing s0ns..................

    But go right ahead and post up the absurdity!!!:lol::lol::lol::funnyface:

    Because here's the poop and every American knows it....................




    Reagan/Bush deficits



    Obama deficits











    :oops::oops::oops::oops::oops::oops::oops::oops::oops:


    Oh..............whats that? Sheeeeeeeeeeeeet............I can see November out my window just now!!!:eusa_whistle:
     
  2. skookerasbil
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    skookerasbil Gold Member

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    --------------------------------------------------------------------------------

    #1 Headline on DRUDGE right now!!!!!!! That means 30 million people will take a gandor over to the site and see this wOnDeRfUl news!!!


    Headline is: Budget Blowout!!!!!



    (Reuters) - The United States posted an $82.69 billion deficit in April, nearly four times the $20.91 billion shortfall registered in April 2009 and the largest on record for that month, the Treasury Department said on Wednesday.

    Greece

    It was more than twice the $40-billion deficit that Wall Street economists surveyed by Reuters had forecast and was striking since April marks the filing deadline for individual income taxes that are the main source of government revenue.

    Department officials said that in prior years, there was a surplus during April in 43 out of the past 56 years.

    The government has now posted 19 consecutive monthly budget deficits, the longest string of shortfalls on record.

    For the first seven months of fiscal 2010, which ends September 30, the cumulative budget deficit totals $799.68 billion, down slightly from $802.3 billion in the comparable period of fiscal 2009.

    Outlays during April rose to $327.96 billion from $218.75 billion in March and were up from $287.11 billion in April 2009. It was a record level of outlays for an April.

    Department officials noted there were five Fridays in April this year, which helped account for higher outlays since most tax refunds are issued on that day.

    But for the first seven months of the fiscal year, outlays fell to $1.99 trillion from $2.06 trillion in the comparable period of fiscal 2009, partly because of repayments by banks of bailout funds they received during the financial crisis.

    Receipts in April -- mostly from income taxes -- were $245.27 billion, up from $153.36 billion in March but lower than the $266.21 billion taken in during April 2009.

    Receipts from individuals, who faced an April 15 filing deadline for paying 2009 taxes, fell to $107.31 billion from $137.67 billion in April 2009.

    The U.S. full-year deficit this year is projected at $1.5 trillion on top of a $1.4 trillion shortfall last year.

    DRUDGE REPORT 2010®



    Now.........lets call a spade a spade here shall we????

    How many times a day do we see the k00ks referring to the "Reagan deficits" or the "Bush deficits". I cant stop laughing s0ns..................

    But go right ahead and post up the absurdity!!!

    Because here's the poop and every American knows it....................




    Reagan/Bush deficits



    Obama deficits









    :oops::oops::oops::oops:


    Oh..............whats that? Sheeeeeeeeeeeeet............I can see November out my window just now!!!
     
    Last edited: May 12, 2010
  3. Truthmatters
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    Truthmatters BANNED

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    Link???????
     
  4. skookerasbil
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    skookerasbil Gold Member

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    requesting mod to delete thread in this forum.............I moved it to the Politics forum!!!
     
  5. hjmick
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    hjmick Gold Member

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    Christ. You used the phrase "let's call a spade a spade" while taliking about Obama.

    Those who are ignorant of the origin of the phrase will call you a racist.
     
  6. hjmick
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    hjmick Gold Member

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  7. skookerasbil
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    skookerasbil Gold Member

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    For the k00ks who require visuals to understand.......................


    Bush/Reagan deficits
    [​IMG]






    Obama deficits
    [​IMG]
     
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  8. skookerasbil
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    skookerasbil Gold Member

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    [​IMG]
     
  9. skookerasbil
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    skookerasbil Gold Member

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    comprende????
     
  10. skookerasbil
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    skookerasbil Gold Member

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    lol................oooooops............Im sure they will. But I never did go for that PC sh!t!!!
     

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