In response to:

October 2012 Deficit Bigger Than October 2011

bottomsup Wrote: Nov 14, 2012 4:05 AM
Let's see, social engineering project in Iraq, nation building in Afghanistan, pork barrel spending explosion (K Street project), No Child Left Behind, ethanol mandates, Medicare Prescription, Faith Based Initiatives, airline bailout, auto bailout, insurance company bailout, Wall Street bailout, federally regulated bank bailout and federally non-regulated bank bailout.

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...

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