Thursday, February 09, 2012

 
 
 

 
 
 
 
 
U.S. budget deficit explodes to largest in history
Advertisement
Thursday, March 11, 2010
Text Size: increase text size decrease text size

From Newsmax:

The government ran up the largest monthly deficit in history in February, keeping the flood of red ink on track to top last year's record for the full year.

The Treasury Department said Wednesday that the February deficit totaled $220.9 billion, 14 percent higher than the previous record set in February of last year.

The deficit through the first five months of this budget year totals $651.6 billion, 10.5 percent higher than a year ago....

Read full article...

More government stupidity:

Forget Greece, this is the big danger to U.S. investors

Porter Stansberry: The one idea that destroyed America

Congressional Report: White House budget vastly understated deficit

Topics: Government Stupidity | Obama | Boondoggle
Facebook RSS Feed

 
©2012 Stansberry & Associates Investment Research. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This website may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Stansberry & Associates Investment Research, LLC. 1217 Saint Paul Street, Baltimore MD 21202.