US deficit down 9%

[reelop19]

Ahh you guys beat me to it. I really enjoy telling a liberal deuschebag when he's wrong.

[Vedubin01]

[mrsleeve]

LOL at the OP

[joshh]

It's not much, but it's a start

"The US budget deficit shrank by nearly 9 per cent in the last fiscal year, according to government figures published overnight, as spending decreased and revenues rose."

"In terms of the deficit's ratio to economic output, the 2010 budget gap was 8.9 per cent of gross domestic product, down from 10.0 per cent of GDP in fiscal 2009."

http://www.news.com.au/business/us-d...-1225939468563

Interestingly enough, I read the same story on Faux News and all they did was exclaim about how the deficit was "Over 1 Trillion dollars" and "out of control". Funny how they forgot to mention it went down nearly 10%....

Oh really....

http://www.foxnews.com/politics/2010/10/15/government-set-announce-second-year-trillion-plus-deficit/

The Congressional Budget Office last week announced the deficit for the 2010 budget year that ended Sept. 30 was $1.29 trillion. That's down by $125 billion from the $1.4 trillion in 2009 -- the highest deficit on record. It attributed money recovered from the Troubled Asset Relief Program for the decrease.

lol

[SeriousBusiness]

I really don't have a comment on the deficit, but you read American news from an Aussie news site?

[CorvallisBMW]

It's not much, but it's a start

"The US budget deficit shrank by nearly 9 per cent in the last fiscal year, according to government figures published overnight, as spending decreased and revenues rose."

"In terms of the deficit's ratio to economic output, the 2010 budget gap was 8.9 per cent of gross domestic product, down from 10.0 per cent of GDP in fiscal 2009."

http://www.news.com.au/business/us-d...-1225939468563

Interestingly enough, I read the same story on Faux News and all they did was exclaim about how the deficit was "Over 1 Trillion dollars" and "out of control". Funny how they forgot to mention it went down nearly 10%....