Rueters: "The United States posted an $82.69 billion deficit in April, nearly four times the $20.91 billion shortfall registered in April 2009 and the largest on record for that month, the Treasury Department said on Wednesday.
It was more than twice the $40-billion deficit that Wall Street economists surveyed by Reuters had forecast and was striking since April marks the filing deadline for individual income taxes that are the main source of government revenue.
Department officials said that in prior years, there was a surplus during April in 43 out of the past 56 years.
The government has now posted 19 consecutive monthly budget deficits, the longest string of shortfalls on record."
It was more than twice the $40-billion deficit that Wall Street economists surveyed by Reuters had forecast and was striking since April marks the filing deadline for individual income taxes that are the main source of government revenue.
Department officials said that in prior years, there was a surplus during April in 43 out of the past 56 years.
The government has now posted 19 consecutive monthly budget deficits, the longest string of shortfalls on record."
Here's what this really means:
To operate an increasingly hostile Federal Government, the nation is borrowing approximately $80,00,000,000.
Unsustainable:
–adjective
not sustainable; not to be supported, maintained, upheld, or corroborated.
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4 comments:
What was it that Ross Perot once said about the "large, sucking sound?" It's all our money going into the black hole.
yup, and PB's generation is going to pay it all off for us. :)
Sola, I could go for another round of Perot Campaigning.
Gino, I doubt we'll be able to, we'll just pass it on like the generation before us did :D
I can do a killer Ross Perot impersonation. I'm not bad at imitating Bill Clinton's voice either. The Arkansas drawl sort of comes natural to me after hearing it all my life, LOL.
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