Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

US budget deficit hits record $1.4 trillion: govt

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

AFP
Saturday, Oct 17th, 2009

The US government closed its 2009 fiscal year with a record budget deficit of 1.417 trillion dollars, some 962 billion dollars higher than the prior year, officials said Friday.

The deficit amounted to 10 percent of US gross domestic product (GDP), the highest since 1945.

The huge jump in the budget shortfall stemmed from both declining revenues and a massive ramping up of spending in a fiscal stimulus to jolt the world’s largest economy from a prolonged recession.

Receipts for the fiscal year that ended in September totalled 2.105 trillion dollars while outlays were 3.522 trillion dollars, the Treasury said.

Full article here

US budget deficit hits record $1.4 trillion: govt  260909banner

This article was posted: Saturday, October 17, 2009 at 4:21 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Mysterious 'Fake' Cell Phone Towers Found Across America See the rest on the Alex Jones YouTube channel.

Nanny State to Ban Toasters, Kettles & Hair Dryers! See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.