1st federal deficit for January since 1992

[Khephra]

1st federal deficit for January since 1992

WASHINGTON -- The federal government posted a budget deficit in January, the first for that month since President Bush's father was in the White House, with expenditures outstripping receipts by $1.4 billion. A year earlier, the government had a surplus of $10.6 billion.

The shortfall may raise the likelihood that the deficit for the 2004 fiscal year, which ends Sept. 30, will hit the $521 billion forecast by the White House. That would shatter the record of $374.2 billion, set in fiscal 2003.

Annual surpluses were reported from fiscal 1996 through 2000, the most since before the Great Depression of the 1930s.

The last January deficit, of $15.7 billion, was in 1992, when George H.W. Bush was president. The U.S. had just emerged from recession and had fought the gulf war the previous year. Surpluses are typical for the month because of quarterly tax payments.

more...........................

http://www.chicagotribune.com/business/chi-0402130071feb13,1,924062.story?coll=chi-business-hed

[UpInArms]

1. "I'm gonna pick up whar ma Daddy lef' off"

was what * said during his 2000 campaign.

Lookie here Jr - you are a piker!

Your daddy had a $15.7 Billion deficit in January of '92!

and you only had a measly $1.4 Billion deficit.

Sheesh - RayGun taught us that "deficits don't matter" and you haven't been doing your part.

(wishing for sarcasm, but afraid cynicism has taken over)

[indepat]

3. I too wish for sarcasm, but it's hard to fight the cynicism bug when

there's so much to be cynical about.

[Gman]

2. How appropo

[snippy]

4. Bush's deficits are typical for a republican president.

Since the 1960's republican presidents always have run huge deficits.

http://www.whitehouse.gov/omb/budget/fy2004/sheets/hist01z3.xls (Note that the deficit for the first fiscal year of a presidential term is from the budget of the preceeding term. Also, the estimates for 2003 and subsequent years are no longer valid.)

[JoFerret]

5. The date says it all.

BFEE = thieves and bandits (big time).

[ConcernedCanuk]

6. It's gotta be Clinton's fault, no ? . . He set a bad example making people

.
.

think that the country could be run in the BLACK!!!

Good thing the Texacutioner came along and straightened out that warped kind of thinking !

and make WAR, not PEACE -

can't have all them planes and bombs jus layin' around doing nuthin' ya know . . .