Obama’s October Budget Deficit Larger than the Entire 2007 Deficit!!
This is just insane! I just don’t see any way for America to recover from repeated abuses like this:
Obama’s October Deficit LARGER Than Bush Deficit For ENTIRE YEAR of 2007
Friday, November 13, 2009
Jim Hoft – Gateway Pundit
More Hope & Change–Team Obama was off on their October budget predictions by nearly $20 billion.
The deficit for the first month of the 2010 fiscal year reached $176 billion.
(It must be Bush’s fault, right?)
The Wall Street Journal reported:
The federal government kicked off fiscal year 2010 by posting its widest-ever October budget deficit, the Treasury Department said Thursday.
The $176.36 billion gap is more than $20 billion wider than the shortfall recorded in October 2008, driven up by lower tax receipts, stimulus-related revenue reductions and consistently high government outlays.
…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.
President George Bush never did this.
Obama tripled the national deficit his first year in office and he’s off to a record-setting start in fiscal year 2010.
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