CBO: Deficit larger than expected

[Vigilante]

Face it, the economy under Obozo is shit...anything reported that is good is SUSPECT!

The Washington Times ^ | Friday, August 5, 2016 | Stephen Dinan
The federal government has sunk deeper into the red than analysts projected just five months ago, and is now poised to post a $590 billion shortfall this fiscal year, the Congressional Budget Office said Friday. That’s some $56 billion worse than the CBO had projected in March, and it comes as new spending far outpaces revenues. Both individual and corporate income tax revenue is down so far this year — though the reasons are not fully clear yet, analysts said. What is clear, though, is that government spending continues to rise, and when adjusted for the timing of payments is...

And at the White house....

 

[Andylusion]

Face it, the economy under Obozo is shit...anything reported that is good is SUSPECT!

The Washington Times ^ | Friday, August 5, 2016 | Stephen Dinan
The federal government has sunk deeper into the red than analysts projected just five months ago, and is now poised to post a $590 billion shortfall this fiscal year, the Congressional Budget Office said Friday. That’s some $56 billion worse than the CBO had projected in March, and it comes as new spending far outpaces revenues. Both individual and corporate income tax revenue is down so far this year — though the reasons are not fully clear yet, analysts said. What is clear, though, is that government spending continues to rise, and when adjusted for the timing of payments is...

And at the White house....

So..... does anyone.... just out of curosity.... happen to know what the Federal Deficit was in Bush's last year in office? You remember, the record high deficit, that was used as proof we needed "hope and change" for that election?

$458 Billion. Of course Obama has given us Trillion dollar deficits, but it is ironic that on his last pathetic year in office, he's leaving with a higher deficit than what Bush left with.