Budget Deficit for October was $120 Billion
by Goldwaterite ( 4 Comments › )
Filed under Business, Economy, Headlines at November 13th, 2012 - 11:16 pm
The Budget deficit for this October was 120 Billion. That’s an increase from last year’s 98 Billion.
WASHINGTON (Reuters) – The budget deficit rose in October, the first month of fiscal year 2013, as looming negotiations over expiring tax cuts and imminent spending reductions dominated the post-election political landscape.
The Treasury said on Tuesday the October deficit was $120 billion, larger than economist forecasts for a $114 billion gap and up from $98 billion in October of 2011.
Growth in expenditures outpaced rising receipts, deepening the deficit. Outlays grew to $304 billion from around $262 billion in the same month last year while receipts rose to $184 billion from $163 billion.
None of this matters anyway, since the American people love their man-god Obama.
Tags: Debt, Deficit
Comments and respectful debate are both welcome and encouraged.
Comments are the sole opinion of the comment writer, just as each thread posted is the sole opinion or post idea of the administrator that posted it or of the readers that have written guest posts for the Blogmocracy.
Obscene, abusive, or annoying remarks may be deleted or moved to spam for admin review, but the fact that particular comments remain on the site in no way constitutes an endorsement of their content by any other commenter or the admins of this Blogmocracy.
We're not easily offended and don't want people to think they have to walk on eggshells around here (like at another place that shall remain nameless) but of course, there is a limit to everything.