PoliticalChic
Diamond Member
Federal Budget Deficit Up in March from Year Prior
Published April 11, 2012
Reuters
The monthly U.S. budget deficit widened to $198.16 billion in March from $188.15 billion in the same month a year earlier, partly because some benefit payments normally made in April were shifted to March, the Treasury Department said on Wednesday.
The monthly U.S. budget deficit was the highest on record for the month of March, although the first few months of the fiscal year are often higher than the remainder of the year by historical standards, Treasury said. Economists surveyed by Reuters had forecast a $196 billion gap.
Read more: Federal Budget Deficit Up in March from Year Prior | Fox Business
And...
"Credit rating agency Egan Jones downgraded the United States Thursday on concern over the sustainability of public debt. Egan Jones is one of the most important ratings firms in the world; they lowered our credit level from AA+ to AA. The firm reduced America from AAA to AA+ in July 2011, just before Standard & Poors did the same.
Egan Jones warned. Without some structural changes soon, restoring credit quality will become increasingly difficult . . . without some structural changes soon, restoring credit quality will become increasingly difficult. They added that there was a 1.2% probability of U.S default in the next 12 months. The company cited the fact that the USs total debt, which now equals its total GDP, is rising and soon will eclipse the national GDP; the company sees the debt rising to 112% of the GDP by 2014.
OK, that isnt good news for the country, but why wasnt this covered by the MSM?"
We Were Downgraded Again, and the MSM Didnt Cover it » Conservative Hideout 2.0
Four more years?
Yeah, right........
Published April 11, 2012
Reuters
The monthly U.S. budget deficit widened to $198.16 billion in March from $188.15 billion in the same month a year earlier, partly because some benefit payments normally made in April were shifted to March, the Treasury Department said on Wednesday.
The monthly U.S. budget deficit was the highest on record for the month of March, although the first few months of the fiscal year are often higher than the remainder of the year by historical standards, Treasury said. Economists surveyed by Reuters had forecast a $196 billion gap.
Read more: Federal Budget Deficit Up in March from Year Prior | Fox Business
And...
"Credit rating agency Egan Jones downgraded the United States Thursday on concern over the sustainability of public debt. Egan Jones is one of the most important ratings firms in the world; they lowered our credit level from AA+ to AA. The firm reduced America from AAA to AA+ in July 2011, just before Standard & Poors did the same.
Egan Jones warned. Without some structural changes soon, restoring credit quality will become increasingly difficult . . . without some structural changes soon, restoring credit quality will become increasingly difficult. They added that there was a 1.2% probability of U.S default in the next 12 months. The company cited the fact that the USs total debt, which now equals its total GDP, is rising and soon will eclipse the national GDP; the company sees the debt rising to 112% of the GDP by 2014.
OK, that isnt good news for the country, but why wasnt this covered by the MSM?"
We Were Downgraded Again, and the MSM Didnt Cover it » Conservative Hideout 2.0
Four more years?
Yeah, right........