Friday, December 07, 2012

US Borrowed 46 cents For Every Dollar Spent in 2013

Billions are so last century.

The Congressional Budget Office released its latest data Friday:

*Since Oct 1, 2013, start of the fiscal year, our elected government, representatives of the people, has spent $638 billion with revenues of $346 billion.
*The deficit increased $172 million in November making the current fiscal year deficit $300 billion.
*Tax revenues increased 10% over last year to $30 billion while spending increases 14% to $87 billion.
* The government is on pace to post another $1 trillion deficit in fiscal year 2012, the fifth year in a row.

WooHoo! We're on a roll! We'll be a banana republic in no time, that is if the EPA allows banana farming.

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