U.S. Budget Deficit Grows $1 Million Every 11 Seconds

[The Straight Story]

U.S. Budget Deficit Grows $1 Million Every 11 Seconds
Friday, March 12, 2010

Between enormous expenditures and sagging revenues, the U.S. government in February managed to enlarge the deficit by $1 million every 11 seconds. February went down as the worst ever for monthly shortfalls, at $220.9 billion. This total was 14% higher than February 2009, which set the previous record. February is traditionally a bad month for deficits because that is when the government sends out tax refund checks.

The government is on pace to set the record for annual budget deficits, with 2010 figuring to be $1.56 trillion. Last year, it was $1.4 trillion. Things probably won’t get better in 2011, which is expected to post at least a $1 trillion gap. If this happens, it will mark the first time in U.S. history that the country endured three straight years of $1 trillion-plus deficits.

http://www.allgov.com/Top_Stories/ViewNews/US_Budget_Deficit_Grows_1_Million_Dollars_Every_11_Seconds_100312

[fasttense]

1. Maybe we should stop fighting useless trillion dollar wars.

Historically, empires that have fallen due to debt are in wars they can not afford.

Never has an empire fallen because they provided their citizens with a social safety net.

[Mari333]

2. +1000000000000000