The Elephant Pile in the Living Room

My purpose: to have people see the piles of crap that we step over and around as we struggle in our daily lives. Like the lighthouse, I am shining a light on issues of today through commentary, posting of articles and information, and in general offering a closer look at details the press "forgets" to tell us. Call me a different voice in the darkness. After all, change happens when the felt pain of NOT CHANGING becomes greater than the perceived pain of CHANGING.

Showing posts with label deficit. Show all posts

Saturday, April 18, 2009

DEFICIT AND BUDGET SHORTFALL

Here it is - the actual numbers for the first half of the year.

The deficit for the first half of 2009 is within a hair of being 4 x the deficit for 2008.

DEFICIT AND BUDGET SHORTFALL - The U.S. has posted a record budget deficit for the first half of fiscal year 2009 of $956.8 billion, a number inflated by governmental spending on financial and economic programs, and this year's budget shortfall is more than triple 2008's deficit. For March, the government filed a record monthly deficit of $192.27 billion. For the same month last fiscal year, the gap was only $48.21 billion.

so you know - 4 x 48.21 billion is 192.84 billion.