Fed deficit sets Oct record of $176.4B

By ConnPolitics.tv Editor on Nov 12, 2009 | In News | 12 feedbacks »

Washington (AP) – The federal deficit hit a record for October as the new budget year began where the old one ended, with the government awash in red ink.

The Treasury Department says the deficit for October totaled $176.4 billion, even higher than the $150 billion imbalance that economists expected.

The deficit for the 2009 budget year, which ended on Sept. 30, set an all-time record in dollar terms of $1.42 trillion. That was $958 billion above the 2008 deficit, the previous record holder.

Economists worry such deficits could push up interest rates, adding a further drag on the fragile economic recovery.

Comment from: Visitor2 [Visitor] Email
We can thank Obama and the democrats for this !


These morons are destroying America !


Vote them out 2010 and 2012 !
11/12/09 @ 15:01
Comment from: George C [Visitor] Email
Our debt is devaluing the dollar. That will increase the cost of commodities like oil and food.
Hang on we are in for a wild ride thanks to the big government policies of Komrad Obama.
11/12/09 @ 15:12
Comment from: Independant Observer [Visitor] Email
Looks like we are ship of fools with an inept captain.
11/12/09 @ 15:41
Comment from: Hosed By The System [Visitor] Email
"" Justice from the rooftops""

Its a commin...............lol
11/12/09 @ 15:46
Comment from: Winnebago Warrior [Visitor] Email
Wait until China decides to makes a call on the national debt. That should be interesting.
11/12/09 @ 16:19
Comment from: CHAMPION BASKETBALL [Visitor] Email
WHERE THE JOBS FOR PEOPLE LOSS FROM LAST YEAR OR TWO YRS AGO ?
MR : PRESIDENT , IT IS TOO MUCH MONEY THE FED TAKE OUT TO BAIL THE BANK OR BIG INSURANCE COMPANY OR CAR MFC , WHERE THE JOB GO ???????? HOW COME FROM 8.5 >9.5 UNEMPLOY NOW GO 10.2 UNEMPLOY, WHERE THE FED MONEY GO TO TOO ???????????????? PLEASE GIVE US ANSWER !
11/12/09 @ 16:41
Comment from: anonymous [Visitor]
Great job by Obama....The debt has grown under his watch. Wait until the tax us to death to repay it starts. Then all you liberals will regret letting this maggot from Chicago be our President.
11/12/09 @ 18:09
Comment from: meridenite [Visitor] Email
Lets see annualized thats about 2.1 trillion. Wheres todt to blame Bush and able to ask where are the facts
11/12/09 @ 18:19
Comment from: Visitor2 [Visitor] Email
"Lets see annualized thats about 2.1 trillion. Where's Todd to blame Bush and Able to ask where are the facts "

They are busy in the hot tub......
11/12/09 @ 19:07
Comment from: Able [Visitor] Email
'Lets see annualized thats about 2.1 trillion. Wheres todt to blame Bush and able to ask where are the facts.'

Well, I'd have to believe that any of this is in fact, not factual. But, I intern actually believe it to be. So why would it matter?

By the way... the hot tub is warm! Come in guys!!!
11/12/09 @ 20:38
Comment from: Independant Observer [Visitor] Email
Bush is recently admitted he made a mistake with TARP. Obama is in over his head with an agenda that is blinding his sense of reality. Not to mention he lacks the leadership skills to make a sound decision.
I am not a student of Presidential history, but think we have one of the worst Presidents today.
11/13/09 @ 11:10
Comment from: drjohn [Visitor] Email
This is bigger than George Bush's entire deficit in 2007.

Obama said he'd bring change- and he has.

The country is going to hell.
11/15/09 @ 18:28

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