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Title: Budget Deficit in U.S. Narrows 13% to $90.5 Billion on Rising Tax Receipts
Source:
Bloomberg News
URL Source: http://www.bloomberg.com/news/2010- ... on-on-rising-tax-receipts.html
Published: Sep 13, 2010
Author: Bob Willis
Post Date: 2010-09-14 22:42:13 by lucysmom
Keywords: economy
Views: 7807
Comments: 8
The U.S. government posted a smaller budget deficit in August compared with the same month last year, helped by rising tax receipts.
The excess of spending over revenue totaled $90.5 billion last month, smaller than the median forecast of economists surveyed by Bloomberg News and down 13 percent from $103.6 billion in August 2009, according to a Treasury Department report issued today in Washington. The gap for the fiscal year that started in October was $1.26 trillion compared with $1.37 trillion last year at the same time.
The economic recovery has helped generate more tax revenue for the Treasury, even as the Congressional Budget Office forecasts the deficit this fiscal year will reach $1.34 trillion, the second-largest on record. The Obama administration faces the challenge of trying to limit the shortfall while stimulating an economy with joblessness close to 10 percent.
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They spent *only* $90B more in one month, then they took in...
If I'm broke, and write rubber checks for *only* $10K more than I made last month, I'd be in pokey for check-kiting...!
Saying "it was better than last year, when I wrote bad checks for $12K, does NOT make it better...
DC is OUT of control.
Mad dog gets
"calibrated..."
The current members of the "You're a worthless sack of shit" list includes WAR, calcon, e_type_jack-off, mad-dog (more like rabidly stupid), ibluafartsky and the fascism-shill no gnu taxes (aka 400 bucks, happyfunball, 50yardline, etc, etc.) If you're on the list, don't bother writing, 'cause you're a waste of flesh.
#2. To: Capitalist Eric (#1)
If I'm broke, and write rubber checks for *only* $10K more than I made last month, I'd be in pokey for check-kiting...!
Ahh - but if you use a credit card instead of writing a check...
#3. To: lucysmom (#0)
Wrong! The deficit for August was $211 Billion.
Nice try Lucy.
Clinton and Cuomo are the true bandits who lit the fuse to this economic crisis we're now in. All in the name of getting more minorities in houses: http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=12554
#4. To: lucysmom (#0)
Here is the truth, not that you liberals can handle it:
http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=13158
Clinton and Cuomo are the true bandits who lit the fuse to this economic crisis we're now in. All in the name of getting more minorities in houses: http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=12554
#5. To: Nebuchadnezzar (#4)
Here is the truth, not that you liberals can handle it:
This truth?
F*ck You Japan **UPDATED**
Jesus....
Sorry, I can't take seriously a source that leads off with the above.
#6. To: lucysmom (#5)
This truth?
Keep in mind that Nebby claimed that Obama was POTUS in 2008.
That's HIS brand of truth.
#7. To: war, Nebuchadnezzar (#6)
Keep in mind that Nebby claimed that Obama was POTUS in 2008.That's HIS brand of truth.
His brand of truth isn't useful in the real world.
#8. To: lucysmom (#5)
Sorry, he uses Treasury's own numbers.
I knew you were delusional and not beneath propagating a lie.
But you're a liar, thus very comfortable with spreading lies.
Clinton and Cuomo are the true bandits who lit the fuse to this economic crisis we're now in. All in the name of getting more minorities in houses: http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=12554
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