U.S. Posts $176.36 Billion Deficit for October - WSJ.com
The October deficit figure is wider than the Congressional Budget Office's estimate for a $175 billion deficit in the month and wider than the $165.9 billion expected by analysts surveyed by Dow Jones Newswires.
The Treasury on Thursday also revised September's deficit to a slightly narrower $46.57 billion, from a previously reported $46.61 billion. Even with the revision, the U.S. in fiscal year 2009 posted a record total budget deficit of near $1.4 trillion -- three times its previous record.
At the equivalent of 9.9% of gross domestic product, the figure is the widest U.S. deficit as a share of GDP since 1945.
The current fiscal year deficit of just the Federal government is almost 10% of GDP.
That's before the states and local entities...
vs.
Senator Reid tees up 2010 jobs bill - TheHill.com
Harry Reid thinks the way to solve all our woes is to toss another $500 billion onto the fire.
There is a complete disconnect between reality and behaviour.
What planet are they on?
They act like badly-parented children, who never learned the direct relationship between behaviour now and and results later...
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