Congratulations Barry: 2012 budget deficit exceeds 2011 shortfall

It was close. A lot of us didn't think he could do it. But we should have realized by now that when it comes to spending money we don't have, Barrack H. Obama is the champion. CNS News: According to the U.S. Treasury, the debt of the U.S. government climbed by a total of $1,275,901,078,828.74 in fiscal 2012, which ended yesterday. That means the federal government borrowed approximately an additional $10,855 for each household in the United States just over the past twelve months. The total debt of the United States now equals approximately $136,690 per household. In fiscal 2011, the debt increased by about $10,454 per household--$401 less than the $10,855 per household increase of 2012. The $1.2758 trillion that the debt increased in fiscal 2012 was about $47.18 billion more than the $1.2287 trillion that the debt increased in fiscal 2011. The federal fiscal year begins on Oct. 1 and ends on Sept. 30. At the close of business on Sept. 30, 2011, the total...(Read Full Post)

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