US government runs $120 billion October deficit
HOW could that man get reelected???
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The Treasury Department said Tuesday that the October deficit — the gap between the government’s tax revenue and its spending — was 22 percent higher than the same month last year.
Tax revenue increased to $184.3 billion — 13 percent greater than the same month last year. Still, spending also rose to $304.3 billion, a 16.4 percent jump. The budget year begins on Oct. 1. Officials said last year’s figures were held down by a quirk in the calendar: the first day of October fell on a Saturday, which resulted in some benefits being paid in September 2011.
The deficit, in simplest terms, is the amount of money the government has to borrow when revenues fall short of expenses. The government ran a $1.1 trillion annual budget deficit in fiscal year that ended in September. That was lower than the previous year but still painfully high by historical standards.
Obama’s presidency has coincided with four straight $1 trillion-plus deficits — the first in history and record he had to vigorously defend during his successful re-election campaign.
http://www.foxnews.com/politics/2012/11/13/us-government-runs-120-billion-october-deficit/
Because … and listen carefully … the Obamie Groupies DO NOT CARE about the Deficit! They just care about WHAT OBAMIE CAN GIVE THEM FROM HIS “STASH” (i.e. OUR tax dollars!!!)!!!
That old saying “YA CAN’T FIX STUPID” is very true in relation to the American Voting Populace!!! They do not UNDERSTAND the way our Country works … and they DO NOT CARE TO … it’s a very narcissistic society that is more concerned with free condoms, gay marriage, stimulus checks, free Obamie iPhones, etc.!!!
Our Country is no longer a place where the people say “What can I do for my Country?,” but instead it’s become a place that says “What can my Country do for ME??” Couple that with voting fraud and … voila … Obamie gets re-elected!!!