The United States posted an $82.69 billion deficit in April, nearly four times the $20.91 billion shortfall registered in April 2009 and the largest on record for that month, the Treasury Department said on Wednesday.
It was more than twice the $40-billion deficit that Wall Street economists surveyed by Reuters had forecast and was striking since April marks the filing deadline for individual income taxes that are the main source of government revenue.
Department officials said that in prior years, there was a surplus during April in 43 out of the past 56 years.
is this the change we were promised? My only surprise here is that Obama was not able to squelch thins until Friday evening, the traditional “drop the bad news and hope it dies over the weekend” time slot….
I seem to remember a similar discussion during the Reagan years. Sanctions and embargoes are most keenly felt by the poor, so they should not be used to effect political change. They can be applied to South Africa, but not Cuba. Go figure.
Thank goodness Obama came along to save the economy from Bush… (/sarcasm)