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U.S. posts $165 billion July deficit

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The Northerner Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 01:19 PM
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U.S. posts $165 billion July deficit
WASHINGTON (Reuters) The United States racked up a $165.04 billion budget deficit during July, 8.7 percent below the year-ago gap as spending on economic stimulus subsided from peak levels, the Treasury Department said on Wednesday.

So far in the first 10 months of fiscal 2010, which ends on September 30, the shortfall between the government's income and its spending totaled $1.169 trillion, down from last year's record 10-month deficit of $1.267 trillion.

July's deficit marked a 22nd straight month of red ink for the U.S. government, the longest string on record, due to heavy spending aimed at pushing the economy out of a prolonged slump, coupled with weak tax revenues.

Source: http://news.yahoo.com/s/nm/20100811/bs_nm/us_usa_budget
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sakabatou Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 01:21 PM
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1. So how much of that wouldn't be there if we got out of Iraq/Afghanistan
Oh yeah, pretty much all of it.
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Xipe Totec Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 01:22 PM
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2. For a moment there, I thought USPS had posted that deficit
Which was a little hard to believe, as you can guess.

;)


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