Community | October 08, 2010 | 0 comments

Government Borrowed 37 Cents Of Every Dollar Spent In Last Fiscal Year

source: http://news.yahoo.com/s/ap/20101007/ap_on_bi_ge/us_budget_deficit

Image
Radical_Centrist
The AP reports that according to a CBO estimate out yesterday, "the federal deficit for the just-finished 2010 budget year was a little under $1.3 trillion," or "about $125 billion below the $1.42 trillion record posted for 2009. That means the government borrowed 37 cents out of every dollar it spent." The report "provides a fresh reminder of the government's fiscal problems, a major issue in midterm elections less than a month away. It's a slight improvement from prior CBO estimates."

http://news.yahoo.com/s/ap/20101007/ap_on_bi_ge/us_budget_deficit;_ylt=AprdMcIyB...
  1. groups:
    Community,   Greatest Depression
  2. tags:
    Obama,  CBO,  Federal Deficit
  3.     
    |

0 comments // Government Borrowed 37 Cents Of Every Dollar Spent In Last Fiscal Year

more from Community:
from the community

top videos