Get Ready To Grab Your Wallets......... - PowerStrokeNation : Ford Powerstroke Diesel Forum
 
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post #1 of 4 (permalink) Old 05-14-2010, 01:47 AM Thread Starter
RightWingNut
 
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Get Ready To Grab Your Wallets.........

Because obama needs more money to keep the Ponzi scheme going ............


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.


Total US Deficit 2010 – April Update

The US Government has posted an April deficit for just the 3rd time in 30 years. The Government posted a deficit of $82.69 billion in April, 2010, which is the highest ever for the month of April, when most Americans file their taxes.

This is the 19th consecutive month’s deficit which clearly reflects the depth of the recent recession. The full year 2010 US deficit is projected at $1.5 trillion, as compared to the $1.4 trillion posted last year. Although there are some increases in personal income tax collection for the month of April, as compared to compared to March, the Year over Year (YOY) tax collection is very low.

Increased spending due to the Obama Administration’s stimulus packages is the biggest reason for this huge deficit. Many critics say if the Obama Administration fails to tackle the deficit soon, it may lead to a debt crisis similar to that of Greece.

Supporters of Obama’s enormous stimulus spending argue that the spending is necessary in order to put money back into the economy. Meanwhile, those opposed to the spending argue that the higher spending results in higher taxes, which ultimately takes money away from the already poor economy.

Budget Deficit Nation’s Largest Ever In April | MyBankTracker.com

http://www.india-server.com/news/u-s...ril-26429.html


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post #2 of 4 (permalink) Old 05-14-2010, 03:37 AM
Yeah, it's like that
 
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Re: Get Ready To Grab Your Wallets.........

That has nothing to do with Obama or his Policies, it is all because of the mess Bush left













*Now you don't have to post Rick


Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States.
Ronald Reagan
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post #3 of 4 (permalink) Old 05-14-2010, 04:03 AM
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Re: Get Ready To Grab Your Wallets.........

Quote:
The US Government has posted an April deficit for just the 3rd time in 30 years.

I wonder what the other two years were?

Never have so many politicians, screwed so many Americans...just to make one black person lose his job.
Quote:
Originally Posted by Binderpower View Post
I can be possible.
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post #4 of 4 (permalink) Old 05-14-2010, 05:37 AM
Yeah, it's like that
 
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Re: Get Ready To Grab Your Wallets.........

Quote:
Originally Posted by AK Gandy View Post
I wonder what the other two years were?
Well, I can tell you one of the missing 2 in question was 2009 because we haven't had a monthly surplus since September 2008

http://money.cnn.com/2010/05/12/news...udget_deficit/

Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States.
Ronald Reagan
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