U.S. Posts Second-Largest Annual Budget Deficit on Record = Tops US$ 1 Trillion.

[mEDITate-OR:
not see the HUGE difference between when W was Pres - in budget 08
and then when Obama became Pres in Jan 09

If you compare 07 and 08 you, too, will see that revenues were declining AND expenditures were rising for W exit strategy.

When you look at 09 you should remember that with declining revenues everywhere - Fed Govt and the state & local govts - we expanded our unemployment benefits and Medicare/Medicaid coverage. Oh, and food stamps too.

With the sole exception of when W took over a surplus budget from William Jefferson, W never once had a balanced budget and ran a large deficit every year he was in office. And, when he left office in Jan 09, he left U.S. with a jobless and budgetary mess.

But, of course, tis all Obama's fault.
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Deficit tops $1 trillion second year in a row
http://money.cnn.com/2010/10/15/news/economy/treasury_fy2010_deficit/index.htm
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U.S. Posts Second-Largest Annual Budget Deficit on Record
http://www.bloomberg.com/news/2010-10-15/u-s-posts-second-straight-annual-budget-deficit-in-excess-of-1-trillion.html
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