U.S. Budget Deficit Grows $1 Million Every 11 Seconds

Between enormous expenditures and sagging revenues, the U.S. government in February managed to enlarge the deficit by $1 million every 11 seconds. The government is on pace to set the record for annual budget deficits, with 2010 figuring to be $1.56 trillion. Last year, it was $1.4 trillion. Things probably won’t get better in 2011, which is expected to post at least a $1 trillion gap. If this happens, it will mark the first time in U.S. history that the country endured three straight years of $1 trillion-plus deficits

www.allgov.com...


$1 million dollars in debt every 11 seconds!!!!! holy frickin crap! where is it being spent? are we seeing any benefits from the spending at all? do you notice a difference in our standards of living anywheres at all? are the fatcat bankers, big business and wealthy fascist elite making billions of dollars?? (I bet you can only say yes to the last one)

[edit on 13-3-2010 by TheCoffinman]

"If this happens, it will mark the first time in U.S. history that the country endured three straight years of $1 trillion-plus deficits"

You see, that`s the big problem, we can`t continue enduring these deficits. It`s going to fall apart in time, and when they get that through their thick heads, it will be much to late. As everyday working people, we get chastised for not handling our debits in the right way, but yet, those that do the chastising never tells our over blown government what a rotten job they are doing with the national debit.

If there is any bright side to it falling apart, maybe it`s that those in the government will be standing in the bread lines with the people they forced there with their stupid thinking. Again, this is only an opinion.

BUMP

c'mon ATS... this is a huge conspiracy.... do you not care? has apathy strangled the life out of ATS?

www.usdebtclock.org...

That link is a real time debtclock supposedly..

It sucks, and people wonder why nobody wants to live on this crack ass rock anymore.

Originally posted by TheCoffinman
BUMP

c'mon ATS... this is a huge conspiracy.... do you not care? has apathy strangled the life out of ATS?

What conspiracy?

We've monetized the debt.

That's where a good chunk is going...

[edit on 13-3-2010 by unityemissions]