KEEPING TRACK: Federal Deficit For 2010 Hits $1 Trillion With 3 Months Left In Budget

WASHINGTON (AP) -- The federal deficit has topped $1 trillion with three months still to go in the budget year, showing the lasting impact of the recession on the government's finances.

In its monthly budget report, the Treasury Department said Tuesday that through the first nine months of this budget year, the deficit totals $1 trillion. That's down 7.6 percent from the $1.09 trillion deficit run up during the same period a year ago.

Worries about the size of the deficit have created political problems for the Obama administration. Congressional Republicans and moderate Democrats have blocked more spending on job creation and other efforts. Republicans also have held up legislation to extend unemployment benefits for the long-term jobless because of its effect on the deficit.

Another failed effort would have provided cash-starved states with money to help avoid layoff of public employees and finance the Medicaid program for the poor and disabled.

President Barack Obama also encountered resistance to further stimulus spending at a meeting of the Group of 20 major industrial nations last month in Toronto.

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Comments

[mark mchugh]

But, but we MADE money on TARP....everybody on CNBC says so. So if we just keep giving money to banks, we'll all be rich, right?

[Z]

Wow, even Mark is turning on Obama, ouch.

[Z]

Obama 2012 Campaign Billboard...

http://news.yahoo.com/nphotos/President-Barack-Obama-Globe-Gazette-Deb-Vladimir-Lenin/photo//100713/480/urn_publicid_ap_org_c67ec42d88a747429e363da081d8d39c//s:/ap/20100714/ap_on_re_us/us_iowa_obama_billboard

[Z]

JUST POINTING THIS OUT FOR SOME PERSPECTIVE ON WHO WOULD BE DRAWN TO THIS SITE…
When I open this site, I see…

Howard Davidowitz???
REM - very left…politically like Sting or worse…
George Carlin – as left as they ever come
Ratigan – to the left to the left, everything he says in a box to the left
James Carville – no brainer…Hillary is back…not all bad
Bill Cosby – hmmmm, you guessed it
Barry Soetoro – Marx just rolled over…Barry looking like he is in charge of the media..
Barry again looking like he knows what he is doing with Biden beaming over the Chosen One
Barry again looking like a he is contemplating the future with his hand on his chin rather than his middle finger to the face
Some dude from the Federal Reserve nobody knows???
Al Gore – some credit for picking on the sex poodle

So…

TO THE LEFT…majority by far
TO THE RIGHT…crickets
IN THE NEWS STUFF…a few tidbits

DB…This type of fair and balanced is getting boring, please see this as help. Isn’t the idea to reach people, maybe even the majority?

[Z]

Here is a bit of a change...post this...

A Teaching Moment for Obama from Dubya...

http://www.youtube.com/watch?v=ZSRxNPqqUH4&feature=related

[Z]

Along with this...

Obama Vacation...All that business going to MAINE???

http://www.youtube.com/watch?v=zrjijMQAbRk

[DailyBail]

i had a feeling you were going to make a comment along these lines...it's not all about politics z...and i actually moved the music off the front about an hour ago...

Davidowitz rocks...

I could give a shit about REM's politics...

George Carlin is not so easily pigeon-holed...he's hardly a leftist...he thinks global warming is crap...he was a fiscal conservative, liberal on social issues...so you're wrong there...

You're wrong about Ratigan as well...he's a libertarian...fiscal conservative, social liberal...yes he supported obama, but so did many independents who were put off by sarah...

The only thing Cosby is known for politically is attacking the welfare state and the condition of the black family...he was loved by the Republicans when he gave those speeches a few years ago...

And as i already explained i put up Carville so that others could enjoy watching him and georgie suffer doing a story about how the public has turned on the Democrats...

Most of these folks are against the wars as well...and to you that makes them leftist, but the GOP is the original non-interventionist party...Republicans have a history of wanting a strong military but not wanting to use it...and i'm speaking historically as a party...not the last 30 years...

I agree some of the content has been light, but that's because all the regular content is so HEAVY...it's deep, depressing stuff and so i'm often compelled, perhaps mistakenly, to provide plenty of relief in the form of music and comedy...maybe it's not the right approach all the time...

[DailyBail]

and another thought...outside of the diversion of music and comedy, i try to keep the site focused on the bailouts, debt & deficit issues, the Fed, wall street, big banks, corruption, and some government when it relates to any of the previous...notice i didn't mention politics...i don't want this to become a politically focused site...government sausage making yes...fighting back and forth between the 2 parties, not so much...and you know the reasons why...it's very counter-productive...

that said, i appreciate that you think along those lines...of making the site relevant and boosting traffic etc...i do pretty well with the daily emails going out to 15k people every day so even though they don't visit the site, i get views from within the emails...and there is a core group of 4k readers who pretty much visit the site every day...before i try to make it bigger and reach the masses i have to improve the look of the site...it looks so boring and plain that i almost don't want massive traffic coming to read my stuff...it really needs an upgrade...and one of these days (soon hopefully) i'll get around to getting it done...

[Ang]

I like the site and somehow the simplcity of it works. Not alot of flash, just the facts. I think it plays well.

[DailyBail]

thanks ang...i'm surprised anyone likes it...no flash because i don't run ads...the videos have flash obviously put i usually don't put those out on the front page in order to keep load times quick...at a minimum i need a logo and banner at the top...and some type of flash application on the top of the home page...in the header...that could scroll my most recent 20 stories...with small photos, etc...something along those lines...

[Ken]

People Are Starting To Get Really Pissed Off And Frustrated
The Economic Collapse
The reality is that the U.S. economic system is broken, and there is simply not any “quick fix” that is available that is going to get things back to normal.
So on an individual level, what should we all do?
Well, we all need to start becoming a lot less dependent on the system.
We should all consider how we can start our own businesses, grow our own food and trade within our own communities.
If the entire system is starting to break down, it is those who are the least dependent on the system that will have the best chance to prosper during the times ahead.

JOBS JOBS: NO corporate thug will hire in USA and why?

They have to keep their scam stocks bubbled up to loot USA working class biweekly blood sweat 401k contribution: LOL

http://www.infowars.com/the-u-s-economy-is-a-dead-horse-and-the-american-people-are-starting-to-get-really-pissed-off-and-frustrated/

[Ken]

Oakland California’s police chief announced “44 situations that his officers will no longer respond to and they include grand theft, burglary, car wrecks, identity theft and vandalism.” Elsewhere, as in Ohio and border areas, sheriffs are simply informing their people to arm themselves because law enforcement cannot guarantee a response.

Oakland lays off 80 police officers

Suffer These Crimes in Oakland? Don't Call the Cops | NBC Bay Area

http://www.nbcbayarea.com/news/local-beat/Suffer-These-Crimes-in-Oakland-Dont-Call-the-Cops-98266509.html

[Ken]

Inflating War
Central banking and militarism are intimately linked
http://www.lewrockwell.com/dilorenzo/dilorenzo189.html

[Ken]

DOJ Whistleblower: Obama Administration is Planning November Vote Fraud
by JANE JAMISON on JULY 7, 2010
Organized and intentional voter fraud is what we have suspected of the “community-organizer-in-chief” Barack Obama and now the proof. A very brave former employee who was working under Obama political appointees has quit his job and is spilling the truth to Fox News and Pajamas Media. Tea parties and Republican party organizations around the country should take note, clean up those voter rolls in every county and organize volunteers to monitor each and every polling place in this country.

Former Department of Justice attorney and now whistleblower J. Christian Adams keeps lobbing more “political grenades” at the Obama administration.

Adams has now testified under oath to the U.S. Civil Rights commission that the “motor voter” registration records will not be purged for ineligible voters (dead, illegal aliens) in time for the November 2010 election, per orders from the Obama adminstration.
http://www.uncoverage.net/2010/07/doj-whistleblower-obama-administration-is-planning-november-vote-fraud/

[JTS]

Ken around here they have been doing this for years to some degree ,In cincy they have a crimes reporting hotline
for stuff like a car that was broken into. The good thing is we also have the castle law in Ohio so if a person
breaks in your house you can wack them.Pretty much everyone is armed.

Butt this is sad .If you notice the crimes they do not respond to do not provide income for the police.

[RecoverylessRecovery]

"People Are Starting To Get Really Pissed Off And Frustrated"

At this rate, by the time they decide to DO SOMETHING about it Mobamba will be 97 years old. Oh, and the U.S. won't EXIST ANYMORE.

[Ken]

America Without a Middle Class
http://www.huffingtonpost.com/elizabeth-warren/america-without-a-middle_b_377829.html

Middle Class Losing Health Insurance Faster Than The Rich Or Poor
http://www.huffingtonpost.com/2010/03/17/middle-class-losing-healt_n_501098.html

Distinguished law scholar Elizabeth Warren teaches
The Coming Collapse of the Middle Class
http://www.youtube.com/watch?v=akVL7QY0S8A

Alert! China Dumping T-Bills in Real Time! USA Depression...
http://www.youtube.com/user/visionvictory


Bond market collapse time. Who has the liquidity to buy our debt?
The 'Great Recovery' Is a Big Fat D.U.D.D.

For whom?

For Big Govt, Big Money, Big Media? Absolutely not. It is not a great recovery....it is a splendid boom. All is for the best in all possible worlds and every prospect pleases.

It is Nietzche's ideology fully realized: all animal, all the time; human beings have no souls; morality is bad; power is the only virtue; egoism is the very essence of nobility; there are no facts, only interpretations; and the masters MUST rule.

For real, ordinary, middle class Americans, of course it is true.
It HAS to be to enable this Nietzschean Regime to savor the everlasting boom it has created by itself and for itself.

Slaves MUST serve.

[Ken]

Our current world is about as prepared for "no growth" as is a fish to walk on land. All our current claims systems, the credit outstanding, including government debt, our pension expectations, our savings, our hopes and dreams, are mostly focused on a "there will be more tomorrow" mentality. Should this "more" disappear as a possibility, we will likely not just see small implications, but rather a disruptive destruction of both perceived wealth and security, accompanied by the shattering of hopes and dreams, the perception alone which might cause further trouble in our highly complex societies. Choosing to go forward to a world with different aspirations than growth might have some unexpected positive surprises. But one could argue the worst will happen if we run into such a world completely unprepared. This is why we urgently need policymakers to face the risk of "no-growth," to understand possible implications and to work on transition approaches.

AMEN

Have a Nice Weekend