Democrats Break the Bank… Monthly Deficit TWICE As High As Expected
Posted by Jim Hoft on Wednesday, May 12, 2010, 4:18 PM
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.
Reuters reported:
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.
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Published May 24, 2012 at 8:46 pm - 87 Comments
Rose commented:
Time to adjust that CHART, then.
Bill Mitchell commented:
It’s Bush’s fault.
Question. If the Democrats had run on what has actually happened since they took Congress, would anyone have voted for them?
Patman commented:
Come on guys, it’s only money… geez. what the big deal?
Hope and Change is here America. And it smells like a fart.
shibumi commented:
Umm.. didn’t our Great Thinker, Vice President Biden say that the only way to get out of debt is to spend even more money? Seems like the CONgress is listening to me.
We
Are
So
Screwed
shibumi commented:
(oops. HIM.)
Kevin P commented:
We don’t only need to hold these congressional-criminals accountable – we need to hold the idiots who voted for these criminals accountable as well!
NeoKong commented:
Spend baby spend.
Militant Conservative commented:
This was not an unintended consequence. this was the intent of the president. Cloward and Piven anyone??
cal rifkin commented:
…we’re toast! There’ll have to be a real crash before the average numbskull realizes what’s been done to our great nation… then it’ll be too late.
Taqiyyotomist commented:
M.C. #8
Indeed. As this commie once said recently:
“We’re headed in the right direction.”
He wasn’t joking, or misspeaking. We’re headed, quite intentionally right off the cliff.
THANKS, 52%ers!
Taqiyyotomist commented:
cal, the average numbskull won’t even realize what happened then. The average numbskull will blame whoever his television or favorite pop-stars or politician-pastors tell him to blame.
Rush Limbaugh’s fault. Big Business’ fault. Banks fault. That guy down the road with the American flag on his truck’s fault.
They won’t wake up until the mass-graves are being filled and he’s been recruited to push the bodies with the bulldozers. IF EVEN THEN.
Robert commented:
And the Democrat party is STILL obsessed with
enacting the liberal agenda. Not a WORD about
reduced spending, and NOTHING about J-O-B-S.
Chippy commented:
Last Thursdays drop in the Dow was a prelude to what these jackasses have in store for us. They were just practicing to see what we would do. Look for these kind of shenanigans around election time. That’s when the world leaders will come together to unite us all together for the collective good. When THIS happens maybe WE need a plan. Just saying.
ahem commented:
If you think we’re screwed, read this article by Karl Denninger at Market Ticker. The figures quoted are a lie; the amount is actually much bigger:
“$82 billion my butt. The real number is $175.6 billion, more than double the reported amount, and the cumulative year-to-date (calendar years) is $637.4 billion, or a run rate (annualized) of $1.912 trillion.”
Really screwed. Really, really screwed.
Finncrisp commented:
This is what change looks like…
Seriously, lack of job growth is causing a persistent shortfall in tax collection from virtually every sector of the economy. The rosy projections are false, and the bad news will compound, just like interest.
Arranging the deck chairs doesn’t keep the ship afloat.
liz commented:
Class impeachments. Everyone of them. This has got to be a crime.
J commented:
Would someone take the checkbook away from pelosi and send her home. I don’t care if her family wants her on the other side of the country, send her home now.
wanumba commented:
The big question is where’s the money going?
Cosmic amounts of money and nothing evident.
What are they spending on? It’s not our military.
Anna commented:
Would someone here help me understand why the polls show a tightening in favor of the Democrats (Rasmussen)? This seems the be across all the races. Things have certainly not got better in this country!
averagemelon commented:
Wanumba #21
I have been asking the exact same question for a year. What the hell did they buy? I think they have it sitting somewhere for when the whole world falls apart, they have enough money to buy an army of stomping brown shirts.