Spent more last year than ever. On track to spend even more this year. The Obama / Pelosi / Reid machine is spending the economy to oblivion. Reuters looks at the latest CBO report:
WASHINGTON, Dec 4 (Reuters) - The U.S. government racked up a gaping shortfall in the first two months of this fiscal year after posting a record budget deficit last year, congressional analysts said on Friday.
In October and November, the government spent $292 billion more than it took in, the nonpartisan Congressional Budget Office said.
That was even worse than the same period last year, when the government was on its way to posting a record $1.4 trillion deficit for the fiscal year that ended Sept. 30.
I am wondering what will happen when it all collapses. I sincerely think the United States of America is in peril. When Healthcare and Cap and Tax are added we will be beyond the tipping point.
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