Wow. The Fed government is really taking this austerity thing too far. The October deficit was only up 34% over last October. I wonder if the 16% spike in Federal spending had anything to do with the mid-term elections? Obama wouldn’t do such a thing. Would he? After one month the Federal government has already increased the national debt by $122 billion. That is a rate of $3.9 billion PER DAY. The Feds will spend $3.9 TRILLION of your money and your unborn grandchildren’s money this year. It looks like those years of declining deficits are over. We’ve got wars to wage and illegal immigrants to support. When a politician of either party talks about cutting spending, the way you know he or she is lying is if they are talking. The national debt will rise by $1 trillion this year. It is already about to break through the $18 trillion level. Yippee!!!
This fiscal austerity sure is holding us back.
U.S. October budget deficit widens to $122 billion: Treasury
By Robert Schroeder
Published: Nov 13, 2014 2:00 p.m. ET
WASHINGTON (MarketWatch) — The U.S. government ran a budget deficit of $122 billion in October, the Treasury Department said Thursday. The shortfall is $31 billion, or 34%, more than in the same month a year ago. The government spent $334 billion in October, an increase of 16% from last October. Receipts totaled $213 billion in October, an increase of 7%. October is the first month of the 2015 fiscal year, which runs through September.
