Budget deficit hits record for May of $189.7B

The federal budget deficit soared to a record for May of $189.7 billion, pushing the tide of red ink close to $1 trillion with four months left in the budget year.

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Federal budget deficit sets March record $192.3B

The Treasury Department said Friday that the budget deficit increased by $192.3 billion in March, and is near $1 trillion just halfway through the budget year, as costs of the financial bailout and recession mount.

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Correction: Federal Budget story

In an Oct. 14 story on the record federal budget deficit for 2008, The Associated Press incorrectly quoted Senate Budget Committee Chairman Kent Conrad as saying the national debt had climbed by more than $1 trillion while President Bush was in office.

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Budget deficit in 2008 surges to all-time high

The federal budget deficit soared to $454.8 billion in 2008 as a housing collapse and efforts to combat the economic slowdown pushed the tide of government red ink to the highest level in history.

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Budget deficit soars to $102.8 billion in July

The federal budget deficit soared in July, pushed higher by economic stimulus payments and $15 billion in outlays to protect depositors at failed banks.

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Stimulus payments result in record May deficit

A flood of economic aid payments pushed the federal budget deficit to $165.9 billion, the highest imbalance ever for May.

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Federal Deficit Sharply Lower

The federal deficit is running sharply lower through the first eight months of this budget year as growth in revenues continues to outpace the growth in spending.

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Deficit Falls to Lowest Level in 4 Years

The federal deficit has improved significantly in the first three months of the new budget year, helped by surging tax revenue.

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I call it the ATM of the Treasury and am often amazed at what our politicians will spend and what they spend it on. Imagine $440,000 for elevator conductors in a full service elevator!

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This is by the guys over at Wallstats. It is reliably one of the coolest informational graphics produced every year.

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The project is one of five projects nationwide funded by the Department of Energy for biomass logistics research and is the only project selected to work in Southern forests - to improve the design of tree-length harvesting machines to increase productivity and minimize their env …

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Never has an administration who had more firepower at their disposal, been set to so totally fail in the next six to eight weeks. It is nearly a foregone conclusion. It is nearly unavoidable.

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This is an interactive site that will give you information on the cost of the Iraq and Afghanistan wars from 2001 to-date by state. Be sure to note below what that same amount of money ( X 50) could have provided to American citizens.

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When President Obama's drug czar declared an end to the war on drugs, Republicans were apparently listening closely. House GOP leadership now wants to cash in the peace dividend.

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Each year, the administration releases its federal-spending blueprint — usually in a series of phone book-sized tomes that must surely weigh eight to 10 pounds. And of course, the first thing most of us look for is what programs are slated for big gains — or excisions.

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The Obama administration today unveiled program details of a $3.4 trillion federal budget for the fiscal year beginning in October, a proposal that includes substantial increases for a number of domestic priorities as well as a plan to trim or eliminate 121 programs for a savings …

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The thrifty measures the president ordered for federal agencies are the equivalent of asking a family that spends $60,000 in a year to save $6.

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One good place to look to downsize government and save taxpayer money.

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In 1955, the year April 15 became the IRS tax-filing deadline, America's top 400 taxpayers paid three times more of their income in taxes than the top 400 of 2006, the most recent year with IRS data available.

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A fantastic critical analysis of Obama´s economic policies.

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House budget leaders today unveiled a $3.45 trillion budget blueprint for fiscal 2010 that slices more than $100 billion from the spending plan President Obama proposed last month.

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Is America on the same path? Does President Obama's proposed budget continue the steady march to third world status? Will a member of the G20 berate President Obama someday as European Parliament berates the British Prime Minister at this meeting?

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This is expert vindication of the premise that our current administration supports spending us into oblivion with no chance of anything happening other than further governmental expansion, at least until the dollar collapses.

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WASHINGTON — President Barack Obama demanded Saturday that any budget passed by Congress must cut the deficit, overhaul health care, invest in education and reduce U.S. dependence on foreign oil.

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One trillion

My friends often send me email items to think about. This is one of those good ones: Washington politicians throw around the word Trillion like it is nothing. It is difficult to comprehend just how much that really is.

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THE 2% POLLUTION: The Republican Strategy in a Democratic Age

It's reached a point where a friend of mine, we'll call him Dr. Watson, asked me what I thought of Obama's plans and performance during his first two months in office… and all I could say was: "I really have no idea." He looked at me like he'd just seen a ghost.

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Per the George Washington University, the Brookings Institute and others, Americans are getting tired of the war and are putting futher down on their list of concerns. Americans are no longer concerned because events on the ground in Iraq are calmer.

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310 million Americans have allowed 546 political pigs in Washington DC to completely destroy the greatest nation ever known to mankind.

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This article from the New England Journal of Medicine's website discusses Obama's plans for health care reform as mentioned in his budget outline. The article is to appear in the April 2, 2009 issue of the New England Journal of Medicine.

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I have worked for a trailer manufacturer that OshKosh sub-contacted to build tank retreivers during the 80's. One of my jobs during the early part of 2001-05 was selling parts to Saudi Arabia to refurbish the trailers that were used in the last 20 years.

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The "rich-only" tax hike is a myth that sounds good to everyone who resents the wealthy in these trying times.

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One word for President Obama - ENOUGH!!!

To quote a phrase... Enough. Enough of the rampant spending without detailed planning. Put a moratorium on it.

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President Obama and his administration are finally going after the milking of the middle class via the student loan program, implementing competitive bidding for medicare and the prescription drug program for elders, and end of tax breaks for the oil and gas industries.

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