Largest federal monthly deficit in history

[werepossum]

Our federal government posted in February the largest monthly deficit in history - $223 billion. In one month.
http://www.washingtontimes.com/news/2011/mar/7/government-posts-biggest-monthly-deficit-ever/

Just to put that into perspective, the yearly deficit in 2007 was about $161 billion.
http://blogs.wsj.com/economics/2007/10/05/deficit-for-fiscal-2007-slides/

Remember, the recession is over!

Contrast that level of deficit with the Republican plan that says reduce spending by $100 billion a year and we're okay. Then contrast it with Obama's plan to spend even more but tax more heavily, so that after he's out of office a miracle will happen and the deficit will go down. And add in a rapidly aging population demanding more bennies from the federal government.

Then tell me which of these plans avoids a collapse of Great Depression proportions.

 

[sandorski]

1) the Recession is over
2) the Economy hasn't recovered all its' Losses yet
3) Obama has suggested Cuts
4) Taxes must be raised
5) $100 billion in Cuts doesn't amount to a hill of beans, but could harm the Economy causing it to Stall at this point. Thus making things even worse.

 

[XZeroII]

holy crap. WTF are they buying???

 

[chucky2]

holy crap. WTF are they buying???

Complacency (time, votes).

Chuck

 

[ShawnD1]

holy crap. WTF are they buying???

1 month worth of cocaine?

 

[davmat787]

holy crap. WTF are they buying???

These kind of photo's don't come cheap.

 

[wuliheron]

Two billion bucks for just the one B2b bomber in that picture. Twenty four trillion dollars in bailout money for the banks and this guy asks what they're spending the money on? The answer is anything and anyone but you.

 

[matt0611]

Two billion bucks for just the one B2b airplane in that picture. Twenty four trillion dollars in bailout money for the banks and this guy asks what they're spending the money on? The answer is anything and anyone but you.

But we need to spend all that money so the economy doesn't collapse

 

[JSt0rm]

These kind of photo's don't come cheap.

$223 billion and they cant even center the fucking stealth bomber! God damn incompetent government crap!

 

[ShawnD1]

These kind of photo's don't come cheap.

They could have saved approximately 5 trillion dollars by hiring a graphic artist to photoshop it.

 

[JSt0rm]

But we need to spend all that money so the economy doesn't collapse

Yes roll your eyes. So you are the expert on macro-economics? lulz.

 

[blackangst1]

holy crap. WTF are they buying???

It's either
1. Leftover Bush era policy, or
2. Money spent trying to fix Bush era policy.

 

[wuliheron]

But we need to spend all that money so the economy doesn't collapse

That's as good an excuse as I've heard. However, I'm more interested in who they're gonna steal from next. You don't collect that many toys for home defense.

 

[XZeroII]

It's either
1. Leftover Bush era policy, or
2. Money spent trying to fix Bush era policy.

of course *rolls eyes*

 

[Doppel]

1) the Recession is over
2) the Economy hasn't recovered all its' Losses yet
3) Obama has suggested Cuts
4) Taxes must be raised
5) $100 billion in Cuts doesn't amount to a hill of beans, but could harm the Economy causing it to Stall at this point. Thus making things even worse.

Surely you realize there is something structurally unsound about a country spending $750 per citizen in a single month that it doesn't have.

 

[JSt0rm]

Surely you realize there is something structurally unsound about a country spending $750 per citizen in a single month that it doesn't have.

totally but the alternative is worse (right now). What we need is to grow the economy. Once we do this and get it burning properly again we can raise taxes and cut spending.

 

[Zebo]

totally but the alternative is worse (right now). What we need is to grow the economy. Once we do this and get it burning properly again we can raise taxes and cut spending.

See sig Give me one good reason you'd hire an American of you got in on some of this federal largess? Foreigners work twice as hard for a tenth as much and don't whine about 40 hrs a week or retirement plan or anything else. No you hire some slave coolie where you can bust their heads and make more money.

And we are going broke in case you guys don't know it yet.

 

[sandorski]

Surely you realize there is something structurally unsound about a country spending $750 per citizen in a single month that it doesn't have.

Sure, but kill Growth and the problem gets worse.

 

[Zebo]

1) the Recession is over
2) the Economy hasn't recovered all its' Losses yet
3) Obama has suggested Cuts
4) Taxes must be raised
5) $100 billion in Cuts doesn't amount to a hill of beans, but could harm the Economy causing it to Stall at this point. Thus making things even worse.

Fail x5

 

[JSt0rm]

See sig Give me one good reason you'd hire an American of you got in on some of this federal largess? Foreigners work twice as hard for a tenth as much and don't whine about 40 hrs a week or retirement plan or anything else. No you hire some slave coolie where you can bust their heads and make more money.

And we are going broke in case you guys don't know it yet.

How about people stop looking for someone else to provide them with a job and make one for themselves?

 

[Jadow]

things like this make me glad I'm out of the stock market. Sure I've missed a few percent the last 6 months, but man we are heading for a train wreck.

 

[sandorski]

Fail x5

negative

 

[irishScott]

How about people stop looking for someone else to provide them with a job and make one for themselves?

Yes, because when you're unemployed and living on unemployment benefits, you obviously want invest serious capital (potentially going into debt) in the extremely high risk of opening up a small business in a bad economy. Never mind that many of the laid off don't have the skills or knowledge to open and run their own business successfully in the first place.

 

[Jhhnn]

Our federal government posted in February the largest monthly deficit in history - $223 billion. In one month.
http://www.washingtontimes.com/news/2011/mar/7/government-posts-biggest-monthly-deficit-ever/

Just to put that into perspective, the yearly deficit in 2007 was about $161 billion.
http://blogs.wsj.com/economics/2007/10/05/deficit-for-fiscal-2007-slides/

Remember, the recession is over!

Contrast that level of deficit with the Republican plan that says reduce spending by $100 billion a year and we're okay. Then contrast it with Obama's plan to spend even more but tax more heavily, so that after he's out of office a miracle will happen and the deficit will go down. And add in a rapidly aging population demanding more bennies from the federal government.

Then tell me which of these plans avoids a collapse of Great Depression proportions.

Unremarkable that you'd quote distortional half truths from the WSJ. "Budget deficit" is a meaningless term, particularly when GWB put the cost of the Iraqi and Afghan wars off budget. The real deficit for FY 2007 was ~$501B, twice that for FY 2008, and 4 times as much for FY 2009, expenditures largely crafted by the Bush Admin-

http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm

Sheesh- go piss down somebody else's leg and tell them it's raining, OK?

 

[rudder]

1) the Recession is over
2) the Economy hasn't recovered all its' Losses yet
3) Obama has suggested Cuts
4) Taxes must be raised
5) $100 billion in Cuts doesn't amount to a hill of beans, but could harm the Economy causing it to Stall at this point. Thus making things even worse.

So you feel the federal government knows what to do with our money better than we do? Why can't democrats see that Americans getting to keep more of their money will do more for the economy than government spending?

Even if the majority of Americans got a tax break and put that money into a bank.. it would still help the economy. Banks could lend that money to businesses.