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October 2012 Deficit Bigger Than October 2011

JustWondering Wrote: Nov 13, 2012 6:20 PM
Here is an editorial by Romney's financial advisor: http://www.ft.com/cms/s/2/66564c38-2cbd-11e2-9211-00144feabdc0.html#axzz2C9DL08Fn

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...