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Federal budget deficit hits (all-time) April record ($82.7 billion)
AP on Yahoo ^ | 5/12/10 | Martin Crutsinger - ap

Posted on 05/12/2010 11:37:46 AM PDT by NormsRevenge

WASHINGTON – The federal budget deficit hit an all-time high for the month of April as government revenue fell sharply.

The Treasury Department said Wednesday the April deficit soared to $82.7 billion, the largest imbalance for that month on record. That was significantly higher than last year's April deficit of $20 billion and above the $30 billion deficit private economists had anticipated.

The government normally runs surpluses in April as millions of taxpayers file their income tax returns. However, income tax payments were down this April, reflecting the impact of a severe recession which has pushed millions of people out of work.

Revenues for April were down 7.9 percent from a year ago, dipping to $245.3 billion. That decline included a fall in individual income tax payments. That reflected not only the impact of millions of people out of work but also tax relief provided through the economic stimulus program that Congress passed in February 2009.

The back-to-back deficits in April marked a first, according to monthly budget records that go back to 1954. During that period, the government has run April surpluses in 43 of 56 years.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Breaking News; Business/Economy; Crime/Corruption; Government; Politics/Elections
KEYWORDS: april; budgetdeficit; enemywithin; eu; fed; goldmansachs; imf; marxism; obama; record; un
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1 posted on 05/12/2010 11:37:46 AM PDT by NormsRevenge
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This double-dip recession brought to you by Obama and the DEMs.

See ya in November, folks!


2 posted on 05/12/2010 11:39:49 AM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Chuck DeVore - CA Senator. Believe.)
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To: NormsRevenge

But, I see green shoots everywhere.


3 posted on 05/12/2010 11:43:29 AM PDT by AmusedBystander (Obamunists want to tear down our shining city upon a hill and open a community center in "da hood".)
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To: NormsRevenge

“You Lie!”


4 posted on 05/12/2010 11:44:21 AM PDT by PogySailor (BHO - Dividing the country into tribes since 2008.)
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To: AmusedBystander

Hey, let’s give 50 billion dollars to bail out the Greeks! We’ve got a REAL responsible bunch there in the beltway. Some kind of FEVER has gripped them, and they all keep drinking the Kool Aid.


5 posted on 05/12/2010 11:44:22 AM PDT by rovenstinez
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To: NormsRevenge

There ya go ... more proof the economy’s on the rebound!


6 posted on 05/12/2010 11:44:44 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: rovenstinez

The markets are soaring on this fabulous news. We’re through the looking glass.


7 posted on 05/12/2010 11:46:19 AM PDT by PogySailor (BHO - Dividing the country into tribes since 2008.)
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To: NormsRevenge
And this isn't even half of it (literally)! The actual deficit is more than double that reported figure.
8 posted on 05/12/2010 11:51:40 AM PDT by Zeddicus
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To: NormsRevenge

The April deficit is $52.7 billion higher than the $30 billion April deficit “economists” had been calling for, how incredibly unexpected.


9 posted on 05/12/2010 11:53:12 AM PDT by moose2004 (Stand up, speak out and stop Obamacare and GE)
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To: AmusedBystander
But, I see green shoots everywhere.

They are called lawns; I'm on my way to mow mine now.

10 posted on 05/12/2010 11:53:53 AM PDT by dearolddad
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To: PogySailor

The markets are totally controlled by the limousine liberals, please never ever forget this fact.


11 posted on 05/12/2010 11:54:43 AM PDT by jveritas (God bless our brave troops)
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To: Zeddicus

On the $175B deficit link, what the column headings?


12 posted on 05/12/2010 11:57:40 AM PDT by newfreep (Palin/DeMint 2012 - Bolton: Secy of State)
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To: dearolddad
They are called lawns; I'm on my way to mow mine now.

At least your carbon tax from that mower will help the Gore's pay their gardener, so we got that going for us.

13 posted on 05/12/2010 12:00:22 PM PDT by AmusedBystander (Obamunists want to tear down our shining city upon a hill and open a community center in "da hood".)
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To: newfreep

I believe the headings would be:

“Month-end Date”, “Total Public Debt”, “Intergovernmental Holdings”, “Total Debt”, and “Monthly Deficit”.

“Intergovernmental Holdings” would generally be the “Social Security Trust Fund”.


14 posted on 05/12/2010 12:03:22 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: NormsRevenge
How unexpected.
15 posted on 05/12/2010 12:05:18 PM PDT by Night Hides Not (If Dick Cheney = Darth Vader, then Joe Biden = Dark Helmet)
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To: NormsRevenge

You’re right. The Marxists own this.

It’s all theirs. We’re just stuck with the debt.


16 posted on 05/12/2010 12:06:44 PM PDT by onyx (Sarah/Michele 2012)
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To: NormsRevenge; All
Here's a link to the Monthly Treasury Receipts SITE which let's us either open a pdf file or an Excel file showing monthly revenues and expenses.

Here's what the annual deficit numbers look like over the last few years (WE ARE HEADED FOR BIG TROUBLE!!!).

2006 $251,147
2007 $187,920
2008 $680,467
2009 $1,471,297
2010 ytd $1,046,726

17 posted on 05/12/2010 12:10:08 PM PDT by SonOfDarkSkies (Vera Baker rumors--The Obama White House solution to imminent 'himbo' eruptions!)
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To: NormsRevenge

BTW, my tally is from January to December.


18 posted on 05/12/2010 12:12:46 PM PDT by SonOfDarkSkies (Vera Baker rumors--The Obama White House solution to imminent 'himbo' eruptions!)
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To: onyx
All hail Cpt. Bathos. Doing his best to beat Greece.


19 posted on 05/12/2010 12:20:13 PM PDT by 444Flyer (We shall not be moved.)
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To: NormsRevenge

[crickets chirp in DC]


20 posted on 05/12/2010 12:22:36 PM PDT by hattend (The era of John McCain is over, the era of Ronald Reagan is back! Go Sarah Go!)
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