- Prison Planet.com - http://www.prisonplanet.com -
Federal Deficit Highest Since 1940s
Posted By admin On August 1, 2012 @ 8:41 am In Money Watch | Comments Disabled
U.S. News & World Report 
Wednesday, August 1, 2012
The federal deficit is higher than it has been since the 1940s, in the years immediately after World War II.
A new visual from the “Face the Facts USA,” a non-partisan election project from George Washington University, shows the federal deficit has risen significantly under President Barack Obama, and that the government is increasingly spending money it doesn’t have.
In every second of 2011, for example, the government spent $114,253—even though it was only taking in $73,043 in revenue. According to Face the Facts, that means the federal government spent $41,210 every second that it didn’t actually have.
The deficit this year, however, looks as if it will be lower than it was the day President Obama assumed office.
Full story here. 
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/federal-deficit-highest-since-1940s.html
URLs in this post:
 U.S. News & World Report: http://www.usnews.com/news/blogs/washington-whispers/2012/08/01/federal-deficit-highest-since-1940s
 U.S. Federal Deficit to Worsen due to Dismal Economic Projections: http://www.prisonplanet.com/us-federal-deficit-to-worsen-due-to-dismal-economic-projections.html
 Real federal deficit dwarfs official tally: http://www.prisonplanet.com/real-federal-deficit-dwarfs-official-tally.html
 Obama Seeks 29 New Programs: ‘Nothing I’m Proposing Should Increase Deficit by Single Dime’: http://www.prisonplanet.com/obama-seeks-29-new-programs-%e2%80%98nothing-i%e2%80%99m-proposing-should-increase-deficit-by-single-dime%e2%80%99.html
 Obama Plans to Reduce Budget Deficit to $533 Billion by 2013: http://www.prisonplanet.com/obama-plans-to-reduce-budget-deficit-to-533-billion-by-2013.html
 Romney-Obama Debate: Deficit Math Doesn’t Add Up for Either Candidate: http://www.prisonplanet.com/romney-obama-debate-deficit-math-doesn%e2%80%99t-add-up-for-either-candidate.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.