Deficit at Record High With a Month Left

mourningdove92

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Thu Sep-16-04 05:55 PM
Original message

Deficit at Record High With a Month Left

Deficit at Record High With a Month Left

Tue Sep 14, 8:56 AM ET Add U.S. Government - AP to My Yahoo!

By JEANNINE AVERSA, Associated Press Writer

WASHINGTON - With one month to go in the 2004 federal budget year, the government recorded a deficit of $436.9 billion thus far, the Treasury Department (news - web sites) reported Monday. That's 9 percent larger than the $400.5 billion shortfall for the corresponding period last year. From Oct. 1, 2003, through August, spending has totaled $2.11 trillion, up 5.9 percent from the same period a year ago. Revenues came to $1.67 trillion — a 5.2 percent increase from a year ago.

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http://story.news.yahoo.com/news?tmpl=story&cid=513&ncid=691&e=9&u=/ap/20040914/ap_on_go_ot/federal_deficit

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sweetheart

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Thu Sep-16-04 06:04 PM
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1. The dollar needs to depreciate by 20%

Or more trouble will loom, as the depreciation will help assuage the
impact of the deficit.

Knowing this, if you have money to invest, its an easty 20% to make
if you swap savings in to euros. Even a kerry win will still leave
the country in a terrible fiscal position requiring devaluation of
the dollar.

It is so pathetic that they run up the credit card with wars and
the dems get back in and pay the bills.. .geesh, what a way to screw
the dems when we win back office... these pukes really do puke on
every bloody thing.

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gratuitous

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Thu Sep-16-04 06:23 PM
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2. Biggest Federal Deficit Ever

Such a simple four-word sound bite, and I bet even some of the chuckleheads at CNN could understand it.

We went from "surpluses as far as the eye could see" when Clinton left office in January 2001 to the Largest Federal Deficit Ever three years later under Simpleton W. Bush.

That means your tax dollars will be going to foreign investors to service the interest on their debt holdings.

Three years ago, your tax dollars could have gone toward roads. Or schools. Or a prescription drug benefit. Now, it's going to foreign bankers.

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gratuitous

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Thu Sep-16-04 06:40 PM
Response to Original message

3. Authentic, gratuitous-style

:kick:

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