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LWW
05-13-2010, 04:28 AM
ONCE AGAIN (http://www.reuters.com/article/idUSTRE64B53W20100512) the efforts of dearest leader's regime far exceed the inferior efforts of <s>Emmanuel Goldstein</s> ... I mean George Bush.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">(Reuters) - 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.

For the first seven months of fiscal 2010, which ends September 30, the cumulative budget deficit totals $799.68 billion, down slightly from $802.3 billion in the comparable period of fiscal 2009.

Outlays during April rose to $327.96 billion from $218.75 billion in March and were up from $287.11 billion in April 2009. It was a record level of outlays for an April.

Department officials noted there were five Fridays in April this year, which helped account for higher outlays since most tax refunds are issued on that day.

But for the first seven months of the fiscal year, outlays fell to $1.99 trillion from $2.06 trillion in the comparable period of fiscal 2009, partly because of repayments by banks of bailout funds they received during the financial crisis.

Receipts in April -- mostly from income taxes -- were $245.27 billion, up from $153.36 billion in March but lower than the $266.21 billion taken in during April 2009.

Receipts from individuals, who faced an April 15 filing deadline for paying 2009 taxes, fell to $107.31 billion from $137.67 billion in April 2009.

The U.S. full-year deficit this year is projected at $1.5 trillion on top of a $1.4 trillion shortfall last year.

White House budget director Peter Orszag told Reuters Insider in an interview on Wednesday that the United States must tackle its deficits quickly to avoid the kind of debt crisis that hit Greece. </div></div>

Once again, it is demonstrated that higher taxes are resulting in lower revenues and increased spending is choking out economic growth as business finds funding difficult to nonexistent ... combined with minimum wage hikes inflicting depression level unemployment rates onto the poor.

Yes, dearest leader and his regime have brought us the perfect economic storm.

The capitalist infidels are weaker than at any time since the regime of Comrade Roosevelt.

Now ... this is the point where one of the resident leftists explains:

- If Bush wouldn't have spent so much, Obama wouldn't have to spend even more.

- Telling the truth about Obama is a personal attack against our leftist members.

- Sarah Palin wrote a note on her hand.

- Dick Cheney used to work for Halliburton.

- Dearest leader says it's not his fault ... so, it's not his fault.

LWW

LWW
05-14-2010, 03:45 AM
This is really amazing to me.

After years of bleating about Bush deficits ... the deficit no longer seems to matter to the regime's fans.

LWW

pooltchr
05-14-2010, 07:23 AM
Of course it doesn't. Their leader has told them we must spend our way out of the recession, and they believe it. They are quite happy, as long as they are spending everyone's money, and not just their own.

Steve

Qtec
05-14-2010, 07:40 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Now ... this is the point where one of the resident leftists explains:

- If Bush wouldn't have spent so much, Obama wouldn't have to spend even more.
<span style="color: #990000">It wasn't so much the deficit or the soaring Nat Debt or the rising costs in the Iraq and Afghan wars that were the problem......it was being presented with a possible total collapse of the financial system and the economy that put him in a spot , NOT of his own creation.</span>

- Telling the truth about Obama is a personal attack against our leftist members.<span style="color: #CC0000"> You are incapable of telling the truth when it comes to Obama.</span>

- Sarah Palin wrote a note on her hand.<span style="color: #990000"> Yes she did and it just proved what everyone already knows.she is a phoney and a moron.</span>

- Dick Cheney used to work for Halliburton.<span style="color: #990000"> Not only that, he held secret meetings and made secret deals that have resulted in the present oil disaster.</span>

- Dearest leader says it's not his fault ... so, it's not his fault. </div></div>


Q

Qtec
05-14-2010, 07:41 AM
tell the truth Dick (http://www.huffingtonpost.com/2010/05/13/dick-cheney-needs-to-test_n_575835.html)

Q

LWW
05-14-2010, 09:42 AM
Thank you for making my predictions come true.

LWW