And moments ago, new deficit numbers were released by the federal government, showing that the annual deficit was $1.294 trillion, the second highest in history (i.e., since last year). As reported by Bloomberg:
The U.S. government posted its second straight annual budget deficit in excess of $1 trillion as lingering unemployment constrained tax revenue.Laugh and cry.
The shortfall totaled $1.294 trillion in the fiscal year ended Sept. 30, second only to the $1.416 trillion deficit in 2009, the Treasury Department said today in Washington.
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No need to worry about running $1.3 trillion deficits. Social Security will be solvent for the next 35 years without making any changes. I know this because Harry Reid told me so in last night's debate.
ReplyDeleteOf course, Reid's delusional fantasy prompted the best line of the night from Sharron Angle:
"Man up, Harry Reid." I would have preferred she said, "get real you embecile", but that wouldn't look very senatorial.