Government Borrowed 37 Cents Of Every Dollar Spent In Last Fiscal Year
Posted in the Columbus Forum
#1 Apr 26, 2013
The AP reports that according to a CBO estimate out yesterday, "the federal deficit for the just-finished 2010 budget year was a little under $1.3 trillion," or "about $125 billion below the $1.42 trillion record posted for 2009. That means the government borrowed 37 cents out of every dollar it spent." The report "provides a fresh reminder of the government's fiscal problems, a major issue in midterm elections less than a month away. It's a slight improvement from prior CBO estimates."
#2 Apr 26, 2013
And a meaningless 2% cut has caused flight delays, food inspections shortages, military cuts and many other events designed to punish the taxpayer for allowing this to happen.
I didn't hear of any cut to entitlements, just to those who actually pay the bills.
And those that believe they can't find that much in waste and abuse is crazy. Oblamo said it himself while campaigning in 2008 but he hasn't said a thing since.
Oblamo is the worst leader this country has ever had as President. What a dick!
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