Thursday, May 13, 2010

U.S. posts 19th straight monthly budget deficit

Don't worry about the health of the economy. Or your future, or your children's future, or your great, great, grandchildren's future. Everything is okay. Who knew the government could just spend and spend and spend, and run up the deficit, with total impunity! It's a huge party, but you're not invited. You'll be served the bill, though. And most Americans are sucker and ignorant enough to think it's actually their civic, patriotic duty to pay it.

People, this economy is going down. The currency is being destroyed. By design. This can't go on forever. There is a terminal cancer running its course, and it's only a matter of time before this country falls ill and dies. Prepare.

    Reuters -

    The United States posted an $82.69 billion deficit in April, nearly four times the $20.91 billion shortfall registered in April 2009 and the largest on record for that month, the Treasury Department said on Wednesday.

    It was more than twice the $40-billion deficit that Wall Street economists surveyed by Reuters had forecast and was striking since April marks the filing deadline for individual income taxes that are the main source of government revenue.

    Department officials said that in prior years, there was a surplus during April in 43 out of the past 56 years.

    The government has now posted 19 consecutive monthly budget deficits, the longest string of shortfalls on record.

Read all of it.