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No wonder they like him in China. Looks like the current administration set yet another record. Pretty illuminating all right!
Federal Deficit Hits October Record of $176 Billion
Government Starts New Fiscal Year Deeply in the Red
By MATTHEW JAFFE
ABC News
The U.S. budget deficit for October surged to $176 billion, a record for the month, the Treasury Department announced today.
During the month, the government racked up $311 billion in outlays compared with $135 billion in receipts.
The October numbers mark the first month for the new fiscal year after the U.S. wrapped up the 2009 fiscal year that ended on September 30 with a record-high $1.4 trillion budget deficit due to increased government spending to stop the recession and the financial crisis. The final deficit for the 2009 fiscal year was equal to 10 percent of the nation's GDP, the highest shortfall relative to GDP since 1945, the final year of World War II...
Federal Deficit Hits October Record of $176 Billion - ABC News
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74 Targa 3.0, 89 Carrera, 04 Cayenne Turbo
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"The problem with socialism is that you eventually run out of other people's money"
Some are born free. Some have freedom thrust upon them. Others simply surrender
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