Democrats Break the Bank… Monthly Deficit TWICE As High As Expected
The Democrats continued their string of record deficits last month. April made a perfect 19 consecutive monthly budget deficits, the longest string of shortfalls on record. And, the monthly deficit for April was twice as high as expected.
Obama and Democrats tripled the national deficit last year by nearly a trillion dollars – something unheard of in our nation’s history.
Great job Pelosi, Reid and Obama… Way-to-go destroying a once great economy.
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.
For the first seven months of fiscal 2010, which ends September 30, the cumulative budget deficit totals $799.68 billion, down slightly from $802.3 billion in the comparable period of fiscal 2009.
Outlays during April rose to $327.96 billion from $218.75 billion in March and were up from $287.11 billion in April 2009. It was a record level of outlays for an April.