Federal deficit sets October record of $176.4B

**Forplay** · 12th November 2009 01:42 PM

Unemployment keeps going up, deficits continue to climb, the national debt continues to grow, companies are struggling, housing in the dumps and consumers have no confidence. Does this sound like any kind of turnaround to you? Instead of Obama focusing on more destruction of America by his cap and trade and his 1.5 trillion Obamacare, he may want to spend a little time on the economy.

Federal deficit hits record $176.4 billion for Oct. as revenues plunge, spending remains high

WASHINGTON (AP) -- The federal deficit hit a record for October as the new budget year began where the old one ended: with the government awash in red ink.

Economists worry that if such deficits continue it could push up interest rates, further dragging on the fragile economic recovery.

The Treasury Department said Thursday that the deficit for October totaled $176.4 billion, even higher than the $150 billion imbalance that economists expected.

The deficit for the 2009 budget year, which ended on Sept. 30, set an all-time record in dollar terms of $1.42 trillion. That was $958 billion above the 2008 deficit, the previous record holder.

October was the 13th straight month to show a monthly deficit -- another record. It was the fifth-largest monthly deficit ever.

Full Story

http://finance.yahoo.com/news/Federa...n&asset=&ccode=

**anonnymous** · 12th November 2009 06:02 PM

Don't you just love a recovery?

**Forplay** · 12th November 2009 07:34 PM

[quote name='anonnymous' date='12 November 2009 - 05:02 PM' timestamp='1258074140' post='58237']

Don't you just love a recovery?

[/quote]

Yeah, when there is one.

**anonnymous** · 12th November 2009 07:44 PM

[quote name='Forplay' date='12 November 2009 - 09:34 PM' timestamp='1258079660' post='58261']

Yeah, when there is one.

[/quote]

you mean there is not one? That's not what I heard.

**Forplay** · 12th November 2009 09:27 PM

[quote name='anonnymous' date='12 November 2009 - 06:44 PM' timestamp='1258080256' post='58266']

you mean there is not one? That's not what I heard.

[/quote]

Interesting, I must be out of touch.

**SideTraKd** · 12th November 2009 11:08 PM

Odd that the liberal posters seem to be avoiding certain threads today... I would like to see what they have to say about this.

**Forplay** · 12th November 2009 11:30 PM

[quote name='SideTraKd' date='12 November 2009 - 10:08 PM' timestamp='1258092488' post='58367']

Odd that the liberal posters seem to be avoiding certain threads today... I would like to see what they have to say about this.

[/quote]

Yes I noticed the same thing. But am not surprised, early on it was all Bush's fault or you were a racist for not agree with Obama. Now the reality of Obama (the Anointed One) and his failed policies are taking it's toll and the left can no longer rally a defense.

**Morgan** · 12th November 2009 11:45 PM

The federal government has lost its responsibility to the American people.

**wingrider** · 13th November 2009 12:41 AM

the federal government needs to be fired

for insubordination, malfeasance, theft, and inability to perform the job set forth for it by the People of the United States

**nonsqtr** · 13th November 2009 05:24 AM

[quote name='anonnymous' date='12 November 2009 - 08:02 PM' timestamp='1258074140' post='58237']

Don't you just love a recovery?

[/quote]

Ha ha - rhe "recovery" comes later - when they "recover" all the cash they've been floating into the market.

Then, we'll see 18% inflation, 12% interest rates, AND 10% unemployment. THAT's the recovery. This is just a wanna-be.