PERSPECTIVE

After two months the government has run a deficit of $236 billion. Until 2006 the Federal government had never run an ANNUAL budget deficit greater than this amount in our 215 year existence as a country. If you think this is going to end well, your smoking some strong shit.

U.S. runs $137 billion deficit in November
WASHINGTON (MarketWatch) — The federal government ran a budget deficit of $137 billion in November, the Treasury Department reported Monday, keeping its finances in the red in the second month of the fiscal year.

The government spent $290 billion in the month and took in $152 billion, pushing the fiscal year-to-date deficit to $236 billion.

For the first two months of the year, the U.S. is running a deficit 19% smaller than it did in the first two months of fiscal 2011.

The Treasury continues to project a deficit for fiscal 2012 of nearly $1 trillion, however, a number certain to be seized on by politicians of both parties as they grapple with taxes and spending.

Fiscal 2011’s deficit was $1.3 trillion.

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