WASHINGTON — The U.S. budget deficit is running slightly lower than last year’s through the first six months of the budget year but is still on track to top $1 trillion for a fourth straight year.
The Treasury Department said Wednesday that the deficit in March totaled $198.2 billion, a record for that month. That left the gap through the first half of 2012 at $779 billion, down 6.1 percent from a year ago.
The Congressional Budget Office forecasts a deficit of $1.17 trillion for the entire 2012 budget year, which began Oct. 1. This would be a small improvement from last year’s $1.3 trillion deficit. Still, the chronic budget deficits are likely to be a top issue in the presidential election.
Through the first six months of this budget year, government revenue has totaled $1.06 trillion, up 4.4 percent from the same period a year ago. Individual and corporate tax receipts are both up, reflecting the improving economy.
Government spending through the first half of the budget year totals $1.84 trillion, slightly less than in the same period a year ago.
Democrats and Republicans are offering voters stark choices on how they would deal with the country’s budget problems.
Despite what some of you may perceive per my perceived ideological bias I try to move beyond transactional, political indictments and stay focused on the big picture.
With that said it is rather curious that certain economic news, though reported, never gets picked up by the respective "propaganda machines" that use such numbers to make their indictments. It would be easy for me to point back to when "the other guy was in office" and make references to "Drunken Sailors". This would miss the point of my over all agenda.
It doesn't matter how either of the "Dung Producing Party Animals" spin it - this nation is in serious fiscal and economic peril. It is the corrupt news media - which, itself has a fraudulent agenda per the formation of their respective fortifications - that is going to ensure a crash as they can't bring themselves to be transparent on the issue of our finances.
The Fraud In Washington And In The News Rooms
The various spending cut proposals and tax increase proposals from either side of the isle are now done in "10 year plans". The news that "$4 Trillion" will be saved or raise over 10 years is merely a slight of hand manner to eliminate the news that $400 billion in savings or tax revenue increases in the context of an annual $1,100 deficit is still a pittance.
The Dung Producing Party Animals merely want to remain entrenched in their ideological fortification as they drive home their ideological talking points. All this comes at the expense of the integrity of the vessel that they all reside on in common.
After listening to "The Concorde Coalition's" "The Fiscal Wake Up Tour" I am convinced that only a combination of (real) spending cuts and tax increases on everyone is going to slowly reduce the level of a massive fiscal upheaval. The means by which this nation returns to a state of organic growth, however, is a very different matter.
The reason for this post is to show how corrupt the people who are playing in the "Malcolm X Political Football Game". Troubling news is only propagated if it can be used as an INDICTMENT against one's enemies.
For people who have no grounding - it is when "Their Guy" produces troubling results that we hear spin about how it would have been worse if he did not come in and correct the course. Thus the goal post has been effectively moved - per the perceptions of the masses.
The absolute condition of the ship - has not changed though. The public awareness has only been obfuscated.