In response to:

October 2012 Deficit Bigger Than October 2011

kmattson Wrote: Nov 14, 2012 3:53 AM
I know I would have stymulated the economy if I had the money, I SURE WOULDNT HAVE GONE BANKRUPT SIX MONTHS LATER. REALLY. WAKE UP PEOPLE.AND SO YOU KNOW AS WELL. If the chinese and other countries hold abouit 5 trillion of our debt TOTAL, who do you think the rest is owed to? I will help you, TO YOU!!!!!!! and most is to SOCIAL SECURITY AND MEDICARE, its why they will be killing the whole thing, Its why Obama care was done as stupidly as it was, TO BANKRUPT IT ALL SO YOU DONT SEE THE THEFT OF ALL YOU TAX MONEY. They owe AMERICA 11 trillion, do the math yourself, they tell you how much China and others hold, THEY JUST NEVER TEll you where the Rest is do they!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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...