Way to go, O ... show the sheeple how ya do it ... waste that money 'n raise them taxes ... show the sheeple how little you care for them, their country, or their tax money ... I mean, y' gotta be pretty good to trash an entire nation's economy and also post a record DEFICIT in April that's almost FOUR TIMES the deficit of only ONE YEAR AGO ... You're such an ineligible little incompetent fraud ... You're gonna be in one helluva fix after you run out of Other People's Money ...

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http://www.reuters.com/article/idUSTRE64B53W20100512

U.S. posts 19th straight monthly budget deficit

(Reuters) - 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.

Department officials noted there were five Fridays in April this year, which helped account for higher outlays since most tax refunds are issued on that day.

But for the first seven months of the fiscal year, outlays fell to $1.99 trillion from $2.06 trillion in the comparable period of fiscal 2009, partly because of repayments by banks of bailout funds they received during the financial crisis.

Receipts in April - mostly from income taxes - were $245.27 billion, up from $153.36 billion in March but lower than the $266.21 billion taken in during April 2009.

Receipts from individuals, who faced an April 15 filing deadline for paying 2009 taxes, fell to $107.31 billion from $137.67 billion in April 2009.

The U.S. full-year deficit this year is projected at $1.5 trillion on top of a $1.4 trillion shortfall last year.

what a surprise...

anyone remember this? that damn internet.. full of information..

Obama vows to cut huge deficit in half

By MIKE ALLEN | 2/22/09 6:58 AM EST

President Obama will announce Monday that he plans to cut the nation’s projected annual deficit in half by the end of his first term, a senior administration official said Saturday.

The plan will make explicit what Obama officials have been suggesting for months: Contrary to his campaign promise, Obama will allow the Bush tax cuts on the wealthiest Americans expire as scheduled at the end of 2010 instead of seeking their repeal sooner. Officials determined that seeking to raise the taxes earlier during a recession was a bad idea, advisers said.

Obama, who will speak Monday to a Fiscal Responsibility Summit at the White House, also will outline steps he is taking to eliminate what his staff calls “accounting gimmicks” used by previous administrations.

“This budget actually is going to assume that there will be a hurricane, tornado, earthquake, flood or manmade disaster in the United States in fiscal year 2010, and each year going forward 10 years,” the official said. “The Bush budget never assumed that.”

Under White House projections, this year’s inherited budget deficit of $1.3 trillion will be cut to $533 billion by fiscal year 2013, the end of the first term.

http://www.politico.com/news/stories/0209/19124.html

anyone believe this? do I have any takers?

we r doomed unless we pass a constitutional amendemnt that limits spending....the overspending is now consuming states one by one. Let's look for Califiornia to lead...

California already has an idea. left handed.

Its well past time to cut and run in Iraqnam and Afghanistan. Both wars are the reasone for our massive spending. Thank Bush/Cheneye for that one.

I agree, But when are boys come home we need work for them.

So why doesn't Obama get added to your "thank you"?????

I dont think Obama would start wars like that. Its a pitty he has inherited them. Regardless I see no real way to "win" unless we commit genocide. I suppose we will just keep dumping blood and money into the sand till our country is bankrupt.

Brilliant....that's exactly what Obama is doing.....so include him in your "thanks"!

Not realy once we commited to war its hard to pull out if not impossible. The only way out is to try em all for war crimes, that should have been Obamas first move as president. So yes in a sence he is complicit. The rope for Bush and Cheney after the war crimes trials. House arrest for Obama

the last year of Obamas budget will be 2013,,,kind of early to throw out the bath water just yet,,,