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Budget deficit rises
to $120 billion in October

Reuters, by Staff

Original Article

Posted By:mambo 5, 11/13/2012 4:14:56 PM

The budget deficit rose in October, the first month of fiscal year 2013, as looming negotiations over expiring tax cuts and imminent spending reductions dominated the post-election political landscape. The Treasury said on Tuesday the October deficit was $120 billion, larger than economist forecasts for a $114 billion gap and up from $98 billion in October of 2011. Growth in expenditures outpaced rising receipts, deepening the deficit. Outlays grew to $304 billion from around $262 billion in the same month last year while receipts rose to $184 billion from $163 billion.

Comments:
Would have been nice to have published this......last week!

      


Post Reply  

Reply 1 - Posted by: mambo 5, 11/13/2012 4:17:04 PM     (No. 9011980)

http://news.yahoo.com/budget-deficit-rises-120-billion-october-190237736--business.html

noticed that the link didn´t work

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Reply 2 - Posted by: Mr. Know-It-All, 11/13/2012 4:18:02 PM     (No. 9011984)

They forgot "unexpectedly".

Get used to this news. When we go into our next recession after the Christmas sugar high fades we will see this regularly. That is if the state propaganda outlets bother to let us ignorant peasants know about it.

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R-VAR_AD


 
Reply 3 - Posted by: lancelink1, 11/13/2012 4:22:01 PM     (No. 9011997)

According to a new NBC poll it´s the fault of the republican held Congress.

Go figure.

You can´t fix stupid.

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Reply 4 - Posted by: nimby, 11/13/2012 4:43:24 PM     (No. 9012044)

It will still be Bush´ fault


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Reply 5 - Posted by: nimby, 11/13/2012 4:44:49 PM     (No. 9012047)

#3 you are correct. We also should never underestimate the stupidity of American voters.

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Reply 6 - Posted by: lindamay, 11/13/2012 5:24:58 PM     (No. 9012129)

I wonder how much of it was used to get Obama re-elected.

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Reply 7 - Posted by: bobdog, 11/13/2012 5:51:15 PM     (No. 9012193)

Oh, LOOK! Tax receipts increased! However, as usual, expenditures increased more.

And that, children, is why we can´t have nice things.

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Reply 8 - Posted by: PROUDSABER, 11/13/2012 8:28:21 PM     (No. 9012462)

JUst wait for the 2012 taxes paid in.

Obama most likely will start his 5th Priesdental year with low revenues due to everyone playing games (reducing their cost)on their income tax because of Obamacare and the 2013 and out years tax code. That is when the you know what hits the westinghouse (fan). That is when Dumocrats realize there will not be enough money to run the BIG GOVERNEMENT with out the support of the Rich, large and small business and eventually the middle class. That is when we reach the tipping point with higher taxes and little or no growth. Then the joice is to raise taxes to all the people who pay taxes not just the top 2% to support the entitlements

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Below, you will find ...

Most Recent Articles posted by "mambo 5"

and

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Most Recent Articles posted by "mambo 5"



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Posted By: mambo 5- 2/23/2014 12:05:21 PM     Post Reply
Chicago will be the site of a digital manufacturing institute backed by $70 million in federal money and another $250 million in private and other government funding, giving the city, once a factory town, a better chance to re-establish its credentials as a modern maker of things. The decision, to be announced officially Tuesday by President Barack Obama, was hotly anticipated by city and state officials who recognized the opportunity to jump-start high-tech manufacturing as a core component of Chicago’s economic vision.

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Posted By: mambo 5- 12/8/2013 5:51:34 AM     Post Reply
President Obama said Saturday that he believed that the chances of a final, comprehensive nuclear agreement being struck with Iran are less than 50-50. However, Obama defended the interim deal struck between the U.S., Iran, and five other world powers last month in Geneva, saying that diplomacy had to be tested as a solution to the crisis and was the best way to prevent Tehran from acquiring automatic weapons. "If you ask me what is the likelihood that we´re able to arrive at the end state ... I wouldn´t say that it´s more than 50-50," Obama said. "But we have to try."

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B-G1


 
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Posted By: mambo 5- 10/21/2013 5:56:11 AM     Post Reply
France and Mexico have angrily demanded prompt explanations from Washington following fresh, "shocking" spying allegations leaked by former US security contractor Edward Snowden. The reports in French daily Le Monde and German weekly Der Spiegel revealed that the National Security Agency secretly recorded tens of millions of phone calls in France and hacked into former Mexican President Felipe Calderon´s email account. French Interior Minister Manuel Valls described the revelations in Le Monde newspaper as "shocking", in an interview Monday with Europe 1 radio.

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Posted By: mambo 5- 10/9/2013 10:56:23 AM     Post Reply
ObamaCare may have its skeptics, but one group is decidedly optimistic -- prison inmates. "At least 50 percent of the [prison] population has symptoms of mental health disorders," said Brad Brockmann, executive director of the Center for Prisoner Health and Human Rights at Brown University. "With Medicaid expansion, we have an incredible opportunity to take care of the very neediest, the very poorest while freeing up huge amounts of money within the states through not having to provide that care in correctional settings."

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R_DBL_B
  


 
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Posted By: mambo 5- 4/10/2013 11:10:26 AM     Post Reply
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Posted By: mambo 5- 3/11/2013 1:14:47 PM     Post Reply
Former Detroit Mayor Kwame Kilpatrick, once seen as a rising star in Democratic Party politics, was convicted on Monday on two dozen federal charges of corruption and bribery while in office. U.S. prosecutors accused Kilpatrick, 42, his father and a city contractor of widespread corruption, extorting bribes from contractors who wanted to be awarded or keep city contracts, turning the mayor´s office into "Kilpatrick Incorporated" during his seven year tenure.

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Posted By: mambo 5- 3/2/2013 3:09:22 AM     Post Reply
The Internal Revenue Service on Friday unveiled its proposal to raise tens of billions of dollars through annual fees on health insurers, prompting fierce criticism from industry groups who warn the costs will be passed along to consumers. The proposed rule from President Obama´s healthcare law will be published for public consideration in Monday’s Federal Register. The rule would assess annual fees on most insurers that would total $8 billion next year and rise thereafter, eclipsing $14 billion in 2018, according to the IRS.

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