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U.s. Runs Deficit Of $91 Billion In August, Treasury Says

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http://www.marketwatch.com/story/us-runs-91-billion-budget-deficit-in-august-2010-09-13

WASHINGTON (MarketWatch) -- The U.S. government's budget deficit was $91 billion in August, the Treasury Department said Monday, as the federal government again spent more than it brought in.

Receipts were $164 billion in August, while outlays totaled $255 billion.

The August shortfall was 13% less than recorded a year ago, but is still likely to add fresh fuel to an election-year debate about spending and taxes that's roiling Washington.

The deficit is nearly $1.3 trillion in the first 11 months of the fiscal year, the Treasury report also showed Monday. That's $111 billion or 8% lower than the same period in fiscal 2009.

Congressional analysts are predicting that this year's deficit will be the second largest in the past 65 years, just behind last year's.

The govts view.

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http://market-ticker.org/akcs-www?post=166529

Using crooked accounting only government can get away with, they "announced":

WASHINGTON (MarketWatch) -- The U.S. government's budget deficit was $91 billion in August, the Treasury Department said Monday, as the federal government again spent more than it brought in.

Uh huh.

This is why the Treasury borrowed the following:

The number in pink is the real number.

That's the total amount of debt as of 8/31 less the total amount as of 7/31. It's called "subtraction" Timmy....

And that's not $91 billion, it's $212 billion.

If the US Government was a corporation Tim Geithner would be in prison for intentionally submitting false accounting statements.

If we the people had an ounce of common sense we would look up the Treasury's own "Debt to the Penny" data for ourselves (it's online) as I have and we would scream in a loud concerted voice:

But we're too lazy to do that, and the media won't do it. I'll take bets on the latter - neither CNBS or Bloomberg will point out that this is an intentionally false number, and that the real deficit is more than twice as much.

But it's all good you see, the Dow is up.

Right?

(You don't actually need a job, do you?)

See link for the chart.

Dennigers view on the deficit in August.

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  • 152 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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