Let's start with some INVISIBLE INK:
"US deficit climbs to $1.1 trillion" by Associated Press | July 14, 2009
WASHINGTON - Nine months into the fiscal year, the federal deficit has topped $1 trillion for the first time.
The imbalance is intensifying fears about higher interest rates and inflation and already pressuring the value of the dollar.
Then what was with yesterday's double-talk?
Also see: Tax Collections Tell the Truth
There’s also concern about trying to reverse the deficit - by reducing government spending or raising taxes - in the midst of a harsh recession....
Therefore a SECOND LOOTING, 'er, "stimulus" will be needed, 'eh?
The deficit has been propelled by the huge sum the government has spent to combat the recession and financial crisis, combined with a sharp decline in tax revenues. Paying for wars in Iraq and Afghanistan also is a major factor.
As if the WARS are not much of a factor, right? Sigh
The country’s soaring deficits are making Chinese and other foreign buyers of US debt nervous, which could make them reluctant lenders down the road. It could force the Treasury Department to pay higher interest rates to make US debt attractive longer-term.
Told you: China Comes A-Callin'
MSM dropped that like a hot po-tay-to, no?
“These are mind boggling numbers,’’ said Sung Won Sohn, an economist at the Smith School of Business at California State University. “Our foreign investors from China and elsewhere are starting to have concerns about not only the value of the dollar but how safe their investments will be in the long run.’’
Yeah, DON'T LISTEN to ME or the OTHER BLOGGERS, America!!!!
Listen to your LYING and CENSORING NEWSPAPERS!!!!
Government spending is on the rise to face the worst financial crisis since the Great Depression....
One day it is since WWII, the next since the Depression.
WTF, MSM?
Congress already approved a $700 billion financial bailout and a $787 billion economic stimulus package to jump-start a recovery, and there is talk among some Obama administration officials that a second round of stimulus may be necessary.
Kept quiet, of course, since the American people are in no mood.
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And the government is HEMORRHAGING RED INK, folks....
"US deficit higher than thought in July" by Associated Press | August 13, 2009
WASHINGTON - The federal deficit climbed higher into record territory in July, hitting $1.27 trillion with two months remaining in the budget year....
Of course, it will have to be PAID OFF with INTEREST -- and WHAT an interest bill it will be!!!!
Massive amounts of government spending to combat the recession and stabilize the US financial system have pushed the deficit higher. The cost of the wars in Iraq and Afghanistan, along with depleted tax revenues, also are major factors.
Yup, THE WARS that will NEVER END are BANKRUPTING YOUR WALLETS, KILLING YOUR LOVED ONES, and DESTROYING YOU, America.
The July deficit reflected government spending of $332.2 billion, a record amount for any month.... The total public debt now stands at $11.6 trillion. Interest payments on the debt cost $452 billion last year, the largest federal spending category after Medicare-Medicaid, Social Security, and defense.
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