US government records $904.2B deficit through June

Discussion in 'Economy' started by Nova78, Jul 12, 2012.

  1. Nova78
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    Nova78 Silver Member

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    US government records $904.2B deficit through June | General Headlines | Comcast

    WASHINGTON — The U.S. budget deficit grew by nearly $60 billion in June, remaining on track to exceed $1 trillion for the fourth straight year.

    Through the first nine months of the budget year, the federal deficit totaled $904.2 billion, the Treasury Department reported Thursday.

    President Barack Obama is almost certain to face re-election having run trillion-dollar-plus deficits in each his first four years in office. That would likely benefit his opponent, GOP presumptive nominee Mitt Romney.

    Good job,you have fucked us all................
     
  2. Mr. H.
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    Mr. H. Diamond Member

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    The kind of people who will vote for Obama don't give a rat's ass about the deficit.
     
  3. waltky
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    waltky Wise ol' monkey Supporting Member

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    4th straight year of trillion-dollar deficit, CBO also warns new recession is likely
    :eek:
    Budget analysts project $1.1T federal deficit this year
    August 22, 2012 - Prepare for another year of $1 trillion-plus deficits.
    See also:

    Risk of double-dip recession rises: S&P
    Tue, 21 Aug, 2012 > The odds the United States will slip back into recession next year have risen, ratings agency Standard & Poor's said, citing risks from the European debt crisis and budget tightening at year-end.
     
    Last edited: Aug 22, 2012
  4. GodSaveAmerica
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    GodSaveAmerica Member

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    The economic doomsday clock is ticking.
     
  5. Mr Clean
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    Mr Clean Gold Member

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    What we need to do is cut taxes to get that deficit under control.
     
  6. Nova78
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    Nova78 Silver Member

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    Yea, and get another stimulus package going, an throw a few more million on welfare while we are at it. $3562723908.gif
     
  7. Rozman
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    Rozman Gold Member Supporting Member

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    I heard quite a few reports on the radio today that another stimulus is being
    put together now.Probably will be announced right before the election just
    in time to drag Obama across the finish line...

    :clap2::tongue:
     
  8. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says, "Not only are we broke now - we gonna be broke inna future...
    :eek:
    CBO: Deficit to Hit $1.17 Trillion So Far in Fiscal Year 2012
    September 10, 2012 – The federal deficit topped $1 trillion in the first 11 months of fiscal year 2012, according to the Congressional Budget Office, reaching $1.17 trillion, exceeding CBO’s August projections.
     
  9. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    Barry has already doubled the number on disability to 11 million
    thus removing about 5 million from the unemployment rolls. So real unemployment might be 12%
     
  10. Nova78
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    Nova78 Silver Member

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    Yea,that barry is the guy...........at spending other peoples money :clap2:
     

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