Monday, September 13, 2010

Budget deficit on pace to hit $1.3 trillion

http://finance.yahoo.com/news/Budget-deficit-on-pace-to-hit-apf-1718166886.html?x=0


The federal government is on track to record the second-highest deficit of all time with one month left in the budget year. With one month to go, this years deficit racks up to 1.26 trillion. When it's all over it's said to end up being 1.3 trillion. The budget year ends on September 30, and is predicted to be slightly below last year's record which came out to be a $1.4 trillion deficit. All this money spending has voters doubting the democrats with this years midterm elections coming up we might see a few more republicans in the house. Americans need to be aware of the crazy amounts of their money the government is spending. People these days don't have enough money for themselves. The govenment needs to spend a little less and save a little more. America really needs to get out of this enormous debt. Most of which was created by the Obama administation.

1 comment:

  1. I thought Obama promised "change"?? where is the change? The economy can't get better when all the government is spending out of control. They are not having pay freezes or pay cuts, as much of the rest of America has had to do. Hopefully there will be more Republicans elected in November and they are more conservative and maybe will encourage the Democrats to curb their spending.

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