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October 2012 Deficit Bigger Than October 2011

bigdawgworking Wrote: Nov 13, 2012 3:53 PM
Why is this news? More shockers: sun will rise tomorrow, water runs downhill.

The October 2012 U.S. budget deficit has increased compared to the budget deficit of October 2011. In October 2011, we saw a deficit of $98.5 billion and October 2012 shows a $120 billion deficit according to the Treasury Department.  This number comes more than 2000 days since Senate Democrats introduced a budget.

To put this into perspective, let's look at President Obama's most recent argument for raising taxes on those making more than $250,000 per year.

Democrats countered that the one-year savings from ending the cuts for the rich may not be much, but that...