Home > News > Great news: Federal deficit hits $1.38 trillion in August, a new record

Great news: Federal deficit hits $1.38 trillion in August, a new record

September 11, 2009 Leave a comment Go to comments

burn_money Do I really need to add anything here?

Better than anticipated?  Oh good.  Is that like the 1 million jobs Obama saved?

And believe it or not, that number’s “better than anticipated.” Much like how it’s “better than anticipated” that we’re “only” losing 200,000 jobs a month these days, after we were assured back in February that the stimulus would cap unemployment at eight percent.

The government in August took in $145 billion in receipts, but $256 billion in outlays led to an overall monthly deficit of $111 billion. That number is better than anticipated — most expectations were that the government had added $162 billion to its tab last month.

Hot Air » Blog Archive » Great news: Federal deficit hits $1.38 trillion in August, a new record

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