Sweet!
April 2009 monthly US budget deficit: $20.91 billion
April 2010 monthly US budget deficit: $82.69 billion
(Reuters) – 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.
We’re spending four times as much money now.
That’s got to be good, right?
Nanny State, Politics | Mr. Bingley | 
May 13, 2010 7:16 am
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That’s not just good, Bingster, that’s excellent. Just look at that growth! Who said American exceptionalism is dead. This just shows what you can do when one party goes from a simple majority to a super majority. But, to borrow from Glorious Leader, at some point you’ve just grown too much. I would support some iteration of a windfall profits tax of say ninety percent, payable this November.
Just wait ’til the feds confiscate all those 401(K)s! Then things won’t be good, they’ll be great!
And any expl….,er, superlative will seem unworthy when they couple your pension with a VAT.