Tuesday, April 12, 2011

US deficit up 15.7% in first half of fiscal 2011

Devastating.
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"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."

Via Rebellion

3 comments:

  1. And George Soros says that the U.S. can afford to absorb a bit more debt....

    Who's running this (dog and pony) show?

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  2. :) I vote that he contribute half his wealth for starters.

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  3. Excellent idea. Just to show he cares. That would be a good political move.... :)

    ReplyDelete