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.
This is hardly a record to be proud of. You know, Republicans were booted out of power in 2006 in part because Democrats attacked their high spending. Here we are today, and Democrats have made the Republicans’ spending look frugal.
Sorry libs, you can’t blame Bush for this. This is the Democrats doing… Obama is the drunkest of drunken sailors.
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