Deficit
Budget deficit rises to $120 billion in October
The budget deficit rose in October, the first month of fiscal year 2013, as looming negotiations over expiring tax cuts and imminent spending reductions dominated the post-election political landscape.
The Treasury said on Tuesday the October deficit was $120 billion, larger than economist forecasts for a $114 billion gap and up from $98 billion in October […]
US Budget Deficit Soars In October As Government Spends Over $300 Billion In One Month
Moments ago the MTS [Monthly Treasury Statement] released the final October budget report. It was not pretty, although those who read our report on how much debt was added - $195 billion to be precise - in the first month of the 2013 Fiscal Year will know where this is going. The US budget deficit […]
Audit The Fed: Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts (Shocking)
The first ever GAO (Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year.
Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in […]
Obama Has Stolen $5.3 Trillion From Our Children In Order To Make Himself Look Good
Obama Has Stolen $5.3 Trillion From Our Children In Order To Make Himself Look Good
Michael Snyder
August 30, 2012
Barack Obama has destroyed the future of America in order to improve his chances of winning the next election. Under Obama, 5.3 trillion dollars has been ruthlessly stolen from our children and our grandchildren. That money has been […]
Obama budget forecast predicts $8.3 trillion deficit over next decade
The White House has delivered its 10-year budget forecast to Congress, and it predicts a trillion-dollar deficit for fiscal year 2012.
The project, titled the Mid-Session Review, projects $42.6 trillion in spending, and will balloon the federal government’s accumulated debt to $25.4 trillion by 2022, according to an analysis from the office of Sen. Jeff Sessions, […]
Obamacare Now Estimated to Cost $2.6 Trillion in First Decade
The Republican side of the Senate Budget Committee will later today release the following chart, detailing the rising projected cost of President Obama’s signature legislation, Obamacare:
The latest estimate, as the chart details, is that Obamacare will cost $2.6 trillion dollars in its first real decade. The bill does not fully go into effect until 2014, […]
Flashback: Obama Said Adding $4 Trillion to National Debt “Unpatriotic” (Obama Increased the Deficit)
On July 3, 2008 — the day before Independence Day — Barack Obama said that adding $4 trillion in debt was irresponsible and “unpatriotic.
Obama: The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name […]
CBO: Federal debt to double in 15 years
Federal debt will double by the middle of the next decade and reach more than twice the size of the entire U.S. economy by 2037 unlessCongress changes course on taxes and spending, the Congressional Budget Office said in its latest analysis Tuesday.
The CBO said it’s the country’s worst fiscal picture since a brief period during World War II, when spending […]
Obama Set Debt Record:$4,247,000,000,000 debt in just 945 days…
Updated numbers for the national debt are just out: It’s now $14,639,000,000,000.
When Barack Obama took the oath of office twice on Jan. 20, 2009, CBS’ amazing number cruncher Mark Knoller reports, the national debt was $10,626,000,000,000.
That means the debt that our federal government owes a whole lot of somebodies including China has increased $4,247,000,000,000 […]
Obama’s failed stimulus program cost more than the Iraq war (Budget Deficit Analysis)
Expect to hear a lot about how much the Iraq war cost in the days ahead from Democrats worried about voter wrath against their unprecedented spending excesses.
The meme is simple: The economy is in a shambles because of Bush’s economic policies and his war in Iraq. As American Thinker’s Randall Hoven points out, that’s the […]
Federal Government Borrowed approximately $4.9 Billion Each and Every Day Since Obama Became President
Today, the United States Department of the Treasury confirms that the total combined United States national debt has just reached and exceeded a new milestone of $13 trillion:
Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
01/20/2009 […]
The Obama Debt Tracker - Total combined national debt officially reaches $13 trillion milestone
Today, the United States Department of the Treasury confirms that the total combined United States national debt has just reached and exceeded a new milestone of $13 trillion:
Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
01/20/2009 […]
Greek Debt Woes Ripple Outward, From Asia to America
The fear that began in Athens, raced through Europe, and finally shook the stock market in the United States is now affecting the broader global economy, from the ability of Asian corporations to raise money to the outlook for money-market funds where American savers park their cash.
What was once a local worry about the debt […]
CBO report: Debt will rise to 90% of GDP
President Obama’s fiscal 2011 budget will generate nearly $10 trillion in cumulative budget deficits over the next 10 years, $1.2 trillion more than the administration projected, and raise the federal debt to 90 percent of the nation’s economic output by 2020, the Congressional Budget Office reported Thursday.
In its 2011 budget, which the White House […]
CBO projects $1.5 trillion deficit for 2010 in Obama budget (Quadruple George Bush deficit)
The federal deficit would hit $1.5 trillion in 2010 under President Barack Obama’s proposals, the Congressional Budget Office (CBO) projected Friday.Quadruple
The nonpartisan budget office said it projected a deficit measuring 10.3 percent of gross domestic product (GDP) this year, and a $1.3 trillion deficit in 2011 that would measure 8.9 percent of next year’s GDP.
(Excerpt) […]
You thought Bush was bad? Think again as Obama Unveiled Future-Generation Crushing Budget
The ink is barely dry on Barack Obama’s new budget and the Republican response is already out.The GOP’s argument: Obama just saddled this and future generations with insane amounts of debt as far as they eye can see.
Bear in mind, this is partisan stuff, and many would argue that the argument is overstated, that the […]
CBO:U.S. already $292 billionn deficit this fiscal year (Just for October and November 2009)
WASHINGTON, Dec 4 (Reuters) - The U.S. government racked up a gaping shortfall in the first two months of this fiscal year after posting a record budget deficit last year, congressional analysts said on Friday.
In October and November, the government spent $292 billion more than it took in, the nonpartisan Congressional Budget Office said.
[…]