Obama posts 19th straight monthly budget deficit (a/k/a tax increase) by piratenews

REAL WORLD EVENT DISCUSSIONS

Obama posts 19th straight monthly budget deficit (a/k/a tax increase)

POSTED BY: PIRATENEWS
UPDATED: Friday, May 14, 2010 06:47
SHORT URL:
VIEWED: 396
PAGE 1 of 1

Friday, May 14, 2010 6:47 AM

John Lee, conspiracy therapist at Hollywood award-winner History Channel-mocked SNL-spoofed PirateNew.org wooHOO!!!!!!

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.

http://www.reuters.com/article/idUSTRE64B53W20100512

NOTIFY: N | REPLY | REPLY WITH QUOTE | TOP | HOME

YOUR OPTIONS

SHARE THREAD

NEW POSTS TODAY

USER	POST DATE

USER

POST DATE