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View Full Version : Stimulus payments result in record May deficit


actsnoblemartin
06-11-2008, 02:45 PM
congratulations democrats and republicans, you're both officially retarded

http://biz.yahoo.com/ap/080611/federal_budget.html?.v=2

Stimulus payments result in record May deficit
Wednesday June 11, 2:20 pm ET
By Martin Crutsinger, AP Economics Writer
Economic stimulus payments push May budget deficit to an all-time high of $165.9 billion

WASHINGTON (AP) -- A flood of economic stimulus payments pushed the federal budget deficit to an all-time high of $165.9 billion in May.

The Treasury Department reported Wednesday that the May deficit was more than double the imbalance in May 2007, reflecting $48 billion in payments as part of the government's $168 billion economic stimulus effort to give the economy a jump-start and keep the country from falling into a deep recession.
Yurt
06-11-2008, 03:33 PM
The government normally runs a deficit in May. The only surplus since 1954 occurred in May 1960.
Hagbard Celine
06-11-2008, 03:35 PM
The government normally runs a deficit in May. The only surplus since 1954 occurred in May 1960.

Does every May deficit break a record?
hjmick
06-11-2008, 03:41 PM
Does every May deficit break a record?

It's happened least twice.
:D
Hagbard Celine
06-11-2008, 03:43 PM
It's happened least twice.
:D

ORLY? Okay. (shrug)
actsnoblemartin
06-11-2008, 04:51 PM
i did not know that, thanks for letting me know :cheers2:


The government normally runs a deficit in May. The only surplus since 1954 occurred in May 1960.
Yurt
06-11-2008, 07:45 PM
i did not know that, thanks for letting me know :cheers2:

i copied that directly from your article :dance:
Yurt
06-12-2008, 08:53 AM
WASHINGTON - Retail sales jumped by the largest amount in six months in May as 57 million economic stimulus payments helped offset the headwinds buffeting consumers.

http://news.yahoo.com/s/ap/20080612/ap_on_bi_go_ec_fi/economy
midcan5
06-13-2008, 06:39 AM
Another example of this administration's 'which way did they go' policies. Energy is the big issue, gas prices, but as usual they are looking for, what are they looking for? If that little bit of money was a big help we have become a third world nation without even knowing it.