**
Scotty Starnes posted: " Four more years. Wonder if a constitutional
amendment that requires voters to pay for their candidate's spending would
make people really look at who they pick? From The Hill: The U.S. racked up
a $120 billion deficit in October, the first month i" Respond to this
post by replying above this line
New post on *Scotty Starnes's Blog*
<http://scottystarnes.wordpress.com/author/scottystarnes/> US Deficit $120
Billion in October (1st Fiscal Month of 2013)…Up 22% From Last
Year<http://scottystarnes.wordpress.com/2012/11/14/us-deficit-120-billion-in-october-1st-fiscal-month-of-2013-up-22-from-last-year/>
by
Scotty Starnes <http://scottystarnes.wordpress.com/author/scottystarnes/>
<http://scottystarnes.files.wordpress.com/2012/11/money-suck-vortex-source-multifamilyinvestor.jpg>
Four more years. Wonder if a constitutional amendment that requires voters
to pay for their candidate's spending would make people really look at who
they pick?
>From The
>Hill<http://thehill.com/blogs/on-the-money/budget/267613-us-deficit-was-120-billion-in-october>
:
The U.S. racked up a $120 billion deficit in October, the first month in
fiscal 2013, the Treasury Department reported on Tuesday.
The *government spent* $304 billion and collected only $184 billion in
revenue.
Spending is the problem...d'oh
That is a fast start to the new fiscal year. By comparison, *the deficit in
the first month of 2012 was $98 billion*.
According to the White House, the U.S. will have a $990 billion deficit
this year, down slightly from the $1.1 trillion deficit in the year that
ended Sept. 30.
In projecting that amount, the White House budget office assumes that
Congress will reach a deal to avoid the "fiscal cliff" of tax increases and
automatic spending cuts set to hit in January. It also assumes that
Congress will approve the jobs stimulus plan contained in President Obama's
2013 budget.
*The deficit has topped $1 trillion for each year of the Obama
administration, more than double the amount in the last year of the Bush
administration, prior to the Great Recession and Obama stimulus package. *
Continue
reading>>><http://thehill.com/blogs/on-the-money/budget/267613-us-deficit-was-120-billion-in-october>
*Scotty Starnes <http://scottystarnes.wordpress.com/author/scottystarnes/>
* | November 14, 2012 at 6:30 AM | Tags: federal
deficit<http://scottystarnes.wordpress.com/?tag=federal-deficit>,
President Obama <http://scottystarnes.wordpress.com/?tag=president-obama>,
spending <http://scottystarnes.wordpress.com/?tag=spending>, Treasury
Department <http://scottystarnes.wordpress.com/?tag=treasury-department> |
Categories: Political Issues
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