US budget deficit dips to $128.7 billion in August
Source: AP-Excite
By MARTIN CRUTSINGER
WASHINGTON (AP) — The federal government ran a lower budget deficit this August than a year ago, remaining on track to record the lowest deficit for the entire year since 2008.
The August deficit was $128.7 billion, down 13 percent from the $147.9 billion deficit recorded in August 2013, the Treasury Department said Thursday in its monthly budget report.
With just one month left in the budget year, the deficit totals $589.2 billion, 22 percent below last year's 11-month total.
The Congressional Budget Office expects the government to run a sizable surplus in September that will allow the government to close out the budget year with a deficit of $506 billion, the lowest since 2008.
FULL story at link.
Read more: http://apnews.excite.com/article/20140911/us--budget_deficit-1017f07f29.html
= new reply since forum marked as read
Perhaps I should have added
Note that the Qualitative Easing "balance sheet additions" (injections of trillions of dollars of fake money by the Fed) do NOT show up in the deficit numbers.
But they DO show up as part of the GDP figures.
So, they print vaults of money out of thin air, and it's *not* added to the debt. Then they throw that fake money into the economy to inflate asset bubbles, and it *is* counted as legitimate economic output.
The Ponzi fraud is committed in full view of a public that has no idea how the system works, nor how blatantly they're being stripped of their future to benefit the cabal.
Here's what a trillion dollars looks like. Those are pallets of $100 bills, by the way. The Fed has served up $4 trillion fake dollars...so far.
And we're sitting here debating what level of doubleplus goodness to assign to a *monthly* deficit of "only" $128 billion - a deficit that has been severely and artificially shrunk by injections of fake money, without reflecting any future debt that fake money represents.
If a corporation did this it would be called...Enron. Pure criminal racketeering.
