The United States posted an $82.69 billion deficit in April, nearly four times the $20.91 billion shortfall registered in April 2009 and the largest on record for that month, the Treasury Department said on Wednesday.
It was more than twice the $40-billion deficit that Wall Street economists surveyed by Reuters had forecast and was striking since April marks the filing deadline for individual income taxes that are the main source of government revenue.
Department officials said that in prior years, there was a surplus during April in 43 out of the past 56 years.
The government has now posted 19 consecutive monthly budget deficits, the longest string of shortfalls on record.
For the first seven months of fiscal 2010, which ends September 30, the cumulative budget deficit totals $799.68 billion, down slightly from $802.3 billion in the comparable period of fiscal 2009.
Outlays during April rose to $327.96 billion from $218.75 billion in March and were up from $287.11 billion in April 2009. It was a record level of outlays for an April.
Read More: Reuters
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This would shock anyone why again?
Please stop these three stooges from doing more harm to the USA!!
The deficit is so big that our Congressional Clowns aren't even bothering to submit a budget anymore. Maybe it's because they know no one will believe it anyway.
Reminds me of a comment I heard made by a Soviet citizen shortly after the collapse of the Berlin Wall. This person was asked, "At what point did you know IT was over?" (The IT being the Soviet empire, and the collapse, etc.)
And this person responded, "We all knew it was over when the government stopped lying."
What I think she meant was, the Soviet rulers and central planners were lying about the Soviet system was so successful, prosperous, etc. The people, of course, knew all along it was a lie.
But when the government stopped lying it meant the politicians knew collapse was inevitable, and knew none of the people believed them anymorte. SO what's the point of lying?
The collapse came shortly thereafter.
And now our "leaders" don't bother showing us the bald-faced lie they call a budget, which would have to lay out an economic situation, however implausible.
Hmmm.