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And the year is only half over! Deficit Balloons to $326.6B So Far in 2004

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GreenPartyVoter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-14-04 09:42 AM
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And the year is only half over! Deficit Balloons to $326.6B So Far in 2004

WASHINGTON (AP) - The government's deficit ballooned to $326.6 billion in the first nine months of the 2004 budget year, according to a snapshot of U.S. balance sheets released Tuesday.

That's more than 20 percent larger than the $269.7 billion shortfall for the corresponding period last year. For the current budget year which began Oct. 1, this spending has totaled $1.73 trillion, 6.4 percent more than the same period a year ago. Revenues came to $1.40 trillion, 3.5 percent more than the previous year.

So far this year, the biggest spending categories are programs from the Health and Human Services Department, including Medicare and Medicaid, $407.1 billion; Social Security, $397 billion; military, $322.3 billion; and interest on the public debt, $274.9 billion.

On the revenue side, individual income tax payments came to $596.4 billion for the first nine months of the 2004 budget year, 1.4 percent less than the corresponding period a year ago.

http://apnews1.iwon.com/article/20040713/D83Q2U902.html
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vetwife Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-14-04 09:46 AM
Response to Original message
1. Funny..Look what I just in my email . HA HA HA..
Edited on Wed Jul-14-04 09:48 AM by vetwife
Getting out of debt is not easy, but it is Biblical.

Proverbs 22:7 tells us that "the rich rule over the poor, and the borrower is servant to the lender." God instructs us to do that which is beneficial to us, and getting out of credit card debt would allow so many to give back to God's kingdom.

To learn how you can gain financial liberty today go to:
From a Republican financial adviser.
The addy did not show up but this is a hoot ! So much hypocracy..so little truth !




HA HA Ha..they pick their scriptures to rule with don't they !
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GreenPartyVoter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-14-04 09:50 AM
Response to Reply #1
3. Oh that just gets my goat! Pick any one of these
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King of New Orleans Donating Member (991 posts) Send PM | Profile | Ignore Wed Jul-14-04 09:49 AM
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2. Actually the fiscal year ends Sept 30th
Which means Bush will have to deal with Headlines about another record deficit around Oct 13th.
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GreenPartyVoter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-14-04 09:53 AM
Response to Reply #2
4. Doh! That's right. Can't think as well when I drink decaf. *lol*
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