DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - US deficit up 15.7% in first half of fiscal 2011

**Shootohoist** · 12-04-2011, 09:43 PM

Wow... that is a ton of money, and a huge increase in just 6 months of this fiscal years...

WASHINGTON — The US budget deficit shot up 15.7 percent in the first six months of fiscal 2011, the Treasury Department said Wednesday as political knives were being sharpened for a new budget battle.

The Treasury reported a deficit of $829 billion for the October-March period, compared with $717 billion a year earlier, as revenue rose a sluggish 6.9 percent as the economic recovery slowly gained pace.

AFP: US deficit up 15.7% in first half of fiscal 2011

In 2007 when the Dems took over CONgress our yearly deficit was $106B & the total debt was about 7.5T. Way too high fer sure, but, in Feb of 2011 the MONTHLY deficit was 233B (1.65T yearly) & our current total outstanding debt (not counting entitlements) is $14.5T. So, in about 4 years time, under a completely Dem controlled Congress the deficit has increased more than 10-fold & the debt has doubled. Nice work. I blame Bush. /sarcasm

As an aside, we've lost nearly $90B on the Gov't Motors bailout, so far. Not including Chrapsler.

12-04-2011, 09:43 PM	#39
Shootohoist Join Date Oct 2005 Posts 478 Senior Member	Wow... that is a ton of money, and a huge increase in just 6 months of this fiscal years... WASHINGTON — The US budget deficit shot up 15.7 percent in the first six months of fiscal 2011, the Treasury Department said Wednesday as political knives were being sharpened for a new budget battle. The Treasury reported a deficit of $829 billion for the October-March period, compared with $717 billion a year earlier, as revenue rose a sluggish 6.9 percent as the economic recovery slowly gained pace. AFP: US deficit up 15.7% in first half of fiscal 2011 In 2007 when the Dems took over CONgress our yearly deficit was $106B & the total debt was about 7.5T. Way too high fer sure, but, in Feb of 2011 the MONTHLY deficit was 233B (1.65T yearly) & our current total outstanding debt (not counting entitlements) is $14.5T. So, in about 4 years time, under a completely Dem controlled Congress the deficit has increased more than 10-fold & the debt has doubled. Nice work. I blame Bush. /sarcasm As an aside, we've lost nearly $90B on the Gov't Motors bailout, so far. Not including Chrapsler.
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