Federal deficit hits $1.38T through August

[ozzmdj]

The federal deficit surged higher into record territory in August, hitting $1.38 trillion with one month left in the budget year......Federal deficit hits $1.38T through August TEA PARTY

 

[PatekPhilippe]

That's also the same amount the National Debt has risen the last 8 months

 

[CrusaderFrank]

Obama's spending money like he's hooked on Crystal meth

 

[CrusaderFrank]

“America has a debt problem and a failure of leadership.” -- BH Obama

 

[Ame®icano]

C'mon people, stimulus is working.

How much of the stimulus has been spent?

 

[CrusaderFrank]

C'mon people, stimulus is working.

How much of the stimulus has been spent?

Lemme ask my local ACORN Office how must they got

 

[skookerasbil]

C'mon people, stimulus is working.

How much of the stimulus has been spent?

 

[PLYMCO_PILGRIM]

The federal deficit surged higher into record territory in August, hitting $1.38 trillion with one month left in the budget year......Federal deficit hits $1.38T through August TEA PARTY

at this rate the Obama administration and 111th congress will have added more to the national debt in 1-2 years than bush did in 8.

 

[Ame®icano]

 

[Contumacious]

The federal deficit surged higher into record territory in August, hitting $1.38 trillion with one month left in the budget year......Federal deficit hits $1.38T through August TEA PARTY

That ain't nothing , wait until Obama Hellcare goes into effect.

 

[DavidS]

The federal deficit surged higher into record territory in August, hitting $1.38 trillion with one month left in the budget year......Federal deficit hits $1.38T through August TEA PARTY

Let's see here... out of the $1.38T, about more than half of that is the bank bailout we did under Bush, another good portion is tax CUTS ($288 billion) and unemployment benefits and extensions, another good portion is healthcare for the elderly and for veterans (gotta protest that!), $90 billion for education spending INCREASE (yes, please protest a better education for students you morons), $60 billion for a new energy grid that will SAVE us money over the long run on energy costs (good idea to protest that!), hundreds of millions of dollars to NOAA (you do want to know when a hurricane is about to hit you, right?) oh and what's this? Hundreds of billions of dollars in DEBT for the wars in Iraq and Afghanistan!

Did you know that we spent nearly $2 trillion in tax cuts for the rich in 2001? Glad to see that helped our economy so much!