The Treasury Department said Monday that the deficit in June totaled $94.3 billion, pushing the total since the budget year started in October to nearly $1.1 trillion.
The deficit has been propelled by the huge sum the government has spent to combat the recession and financial crisis, combined with a sharp decline in tax revenues. Paying for wars in Iraq and Afghanistan also is a major factor.
The funny part is that Obama wants to take this deficit and blow it out even more. Also the bad part is that $787 billion of that money is already part of a wasted "stimulus." I wish we could back out the money not yet spent and just split it up and give it to Americans in a cash payment. Maybe $2000 for each tax payer in monthly installments. I think most Americans wouldn't mind an extra $200 in each paycheck to spend.
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