Government Sets Record Deficit In February...

Discussion in 'Politics' started by paulitician, Mar 8, 2012.

  1. paulitician
    Offline

    paulitician Platinum Member Supporting Member

    Joined:
    Oct 7, 2011
    Messages:
    38,401
    Thanks Received:
    4,140
    Trophy Points:
    1,130
    Ratings:
    +11,998
    The federal government recorded its worst monthly deficit in history in February, according to a preliminary report Wednesday from the Congressional Budget Office that said the deficit in fiscal year 2012 is already more than half a trillion dollars.

    The CBO’s figures show that despite repeated efforts to trim spending, the government has borrowed 42 cents of every dollar it spent during the first five months of this fiscal year.

    The nonpartisan agency projected the government will run a deficit of $229 billion in February, the highest monthly figure ever. The previous high was $223 billion a year ago, in February 2011.

    It is the 41st straight month the government has run a deficit — itself a record streak that dates back to the final months of President George W. Bush’s tenure. Before now, the longest streak on record was 11 months.

    Govt. sets record deficit in February - Washington Times
    DRUDGE REPORT 2012®
     
    • Thank You! Thank You! x 1
  2. The T
    Offline

    The T George S. Patton Party Supporting Member

    Joined:
    May 24, 2009
    Messages:
    48,072
    Thanks Received:
    5,473
    Trophy Points:
    1,773
    Location:
    What USED TO BE A REPUBLIC RUN BY TYRANTS
    Ratings:
    +5,504
    Are we up for another "Summer of Recovery" (Part 3)?
     
    • Thank You! Thank You! x 1
  3. iamwhatiseem
    Offline

    iamwhatiseem Gold Member

    Joined:
    Aug 19, 2010
    Messages:
    15,905
    Thanks Received:
    3,374
    Trophy Points:
    280
    Location:
    Not There
    Ratings:
    +7,415
    Any minute now...Jillian or rightwinger...something about Boooosh.
     
    • Thank You! Thank You! x 1
  4. TakeAStepBack
    Offline

    TakeAStepBack Gold Member

    Joined:
    Mar 29, 2011
    Messages:
    13,935
    Thanks Received:
    1,724
    Trophy Points:
    245
    Ratings:
    +2,014
    What did you expect? Fiscal responsibility? :lmao:
     
    • Thank You! Thank You! x 1
  5. The T
    Offline

    The T George S. Patton Party Supporting Member

    Joined:
    May 24, 2009
    Messages:
    48,072
    Thanks Received:
    5,473
    Trophy Points:
    1,773
    Location:
    What USED TO BE A REPUBLIC RUN BY TYRANTS
    Ratings:
    +5,504
    Not from this President nor this Congress...and that means both sides of the aisle.
     
    • Thank You! Thank You! x 1
  6. squinch
    Offline

    squinch Active Member

    Joined:
    Feb 16, 2012
    Messages:
    407
    Thanks Received:
    79
    Trophy Points:
    43
    Ratings:
    +79
    Good news!!! I hope it goes higher!
     
  7. paulitician
    Offline

    paulitician Platinum Member Supporting Member

    Joined:
    Oct 7, 2011
    Messages:
    38,401
    Thanks Received:
    4,140
    Trophy Points:
    1,130
    Ratings:
    +11,998
    :eek:
     
  8. ScienceRocks
    Online

    ScienceRocks Blue dog all the way!

    Joined:
    Mar 16, 2010
    Messages:
    55,614
    Thanks Received:
    5,400
    Trophy Points:
    1,885
    Location:
    The Good insane United states of America
    Ratings:
    +20,832
    This is on course to be 3-4 times that of Bush's Deficit's. Obama is going to turn our nation into Greece.
     
  9. Full-Auto
    Offline

    Full-Auto Gold Member

    Joined:
    Jun 13, 2009
    Messages:
    13,555
    Thanks Received:
    1,614
    Trophy Points:
    153
    Ratings:
    +1,615
    As democrats say. SS is safe, we only have to threaten seniors to raise the debt ceiling now.

    Democrats stand up and take a bow, you must be so proud.

    Ass wipes................
     
  10. The T
    Offline

    The T George S. Patton Party Supporting Member

    Joined:
    May 24, 2009
    Messages:
    48,072
    Thanks Received:
    5,473
    Trophy Points:
    1,773
    Location:
    What USED TO BE A REPUBLIC RUN BY TYRANTS
    Ratings:
    +5,504
    The EU is trying to back out of what they know to be failure. Obama is 'Damn the Torpedos...! AmerEUca or bust...'!
     

Share This Page