Monday
Apr122010
Another Month, Another Huge Deficit
Monday, April 12, 2010 at 03:30PM With total revenues of $153 billion and spending of nearly $219 billion, the Federal government spent 43% more than it took in during March for its record 18th straight monthly deficit. Believe it or not, this month's $65 billion shortfall was the fourth lowest over the last twelve months. Today's WSJ reported that when all is said and done, the total cost of the TARP bailout is likely to reach $89 billion. When the Federal government runs $65 billion in the red during its normal course of business, $89 billion to avert the Collapse! of the entire financial system doesn't seem so bad.
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