The U.S. budget deficit for October surged to $176 billion, a record for the month, the Treasury Department announced today.
During the month, the government racked up $311 billion in outlays compared with $135 billion in receipts.
The October numbers mark the first month for the new fiscal year after the U.S. wrapped up the 2009 fiscal year that ended on September 30 with a record-high $1.4 trillion budget deficit due to increased government spending to stop the recession and the financial crisis. The final deficit for the 2009 fiscal year was equal to 10 percent of the nation’s GDP…
Just glad we did it ’cause it stopped us from having unemployment rise above 8%…
How’s that “hope and change” thing working out for you, liberals?
UPDATE: But don’t worry! The President is going to talk about it, some more.
Blogs For Victory 