Treasury Department Deficit $82.69 BILLION, 19 consecutive months of deficits

The U.S. Federal Government budget deficit hit an all time April record of $82.69 billion. This is the 19th consecutive month of budget deficits which is also a record. This deficit was almost 4 times the $20.9 billion deficit incurred in April 2009. WE HAVE COME A LONG WAY!!!

43 of the past 56 years, the month of April actually produced a surplus.

Income was $245.3 billion, 8% below the total recorded last April. Spending was $328.0 billion, up 14% year-over-year. Individual Income Tax receipts were down 21.5% year over year. I guess jobs do make a difference and maybe this is not a “jobless recovery”.

Since the report was released by Treasury, the equity market has reached new highs and the Dow is now up 157. Robots and a no volume day are perfect when the news is shaky. The United States is basically bankrupt however that will not preclude the equity market manipulation taken us to new levels…until it does…

No need for austerity measure in America, austerity is only required in Greece and Spain. This is America and we will get whatever we want regardless of the debt dump on our grandchildren! Is anyone else just a bit miffed about this?????