CBO: Federal deficit continues to grow

April 8, 2011 06:14


Yet Obama and the Democrats want to continue the vote buying with money borrowed from future generations. Maybe its time to bring back tar and feathering or public stocks.

By Peter Schroeder at The Hill

EXCERPTS:

The government is expected to run a deficit of $830 billion in the first six months of fiscal 2011, a $113 billion increase from the same period last year, the CBO reported Thursday.

The latest numbers could serve as fresh ammunition for Congressional Republicans caught in a fight over government spending with their Democratic counterparts. Lawmakers are currently haggling over both a short-term spending package to avert a government shutdown and a longer-term budget proposal for fiscal 2012. And indications the deficit is still on the rise could bolster arguments to make major spending cuts.

In March alone, the federal deficit stood at $189 billion, which is $124 billion more than the same month last year.

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