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As Debt Approaches $16 Trillion, Feds Post Another $1 Trillion Deficit

Michael3624 Wrote: Aug 22, 2012 7:28 PM
Lying piece of shyt!

Tomorrow, Thursday August 22, 2012, the United States of America will pass $16 trillion in debt. This number is inching closer to being larger than the entire U.S. economy. Today, the Congressional Budget Office released a report showing the federal government has posted a $1.1 trillion deficit for the fourth year in a row.

For fiscal year 2012 (which ends on September 30), the federal budget deficit will total $1.1 trillion, CBO estimates, marking the fourth year in a row with a deficit of more than $1 trillion. That projection is down slightly from the $1.2 trillion...