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WHOAAA, NELLIE!!!! Let's put the brakes on, ok?

Figures on government spending and debt

On Monday January 25, 2010, 5:38 pm

WASHINGTON (AP) --

Figures on government spending and debt (last six digits are eliminated). The
government's fiscal year runs Oct. 1 through Sept. 30.
Total public debt subject to limit Jan. 22 12,245,872
Statutory debt limit 12,394,000
Total public debt outstanding Jan. 22 12,302,465
Operating balance Jan. 22 142,454
Interest fiscal year 2009 383,365
Interest fiscal year 2008 451,154
Deficit fiscal year 2009 1,417,121
Deficit fiscal year 2008 454,798
Receipts fiscal year 2009 2,104,613
Receipts fiscal year 2008 2,523,642
Outlays fiscal year 2009 3,521,734
Outlays fiscal year 2008 2,978,440
Gold assets in September 11,041

source: http://finance.yahoo.com/news/Figures-on-government-apf-2178072020.html?x=0&.v=2

 
29again

Asked by 29again at 7:03 PM on Jan. 25, 2010 in Politics & Current Events

Level 27 (31,176 Credits)
This question is closed.
Answers (11)
  • See, this is what BO doesn't seem to get. I heard a millionaire discussing the BO problems and he said this:[ there are only 7% of advisers to the pres. who have any actual business experience including the pres.t himself; he and many of his advisers are products of Affirmative Action where much to given to and made available to people without any lessons in where the money came from and the effort it took to make it. They are not trained to run what is essentially the largest business in the world. (paraphrase)] Now, what BO should have done was to freeze all spending until there was time to make some real accounting of the problem and then attack it. His solution was to throw open the doors and empty the coffers. We are now hemorrhaging at the rate of 1 billion borrowed dollars per da,y and he still doesn't understand. We need an MBA not a lawyer as pres.

    jesse123456

    Answer by jesse123456 at 7:29 PM on Jan. 25, 2010

  • Oct. 3, 2008
    President Bush signed into law Friday a historic $700 billion bailout of the financial services industry, promising to move swiftly to use his sweeping new authority to unlock frozen credit markets to get the economy moving again.
    http://www.msnbc.msn.com/id/26987291/
    Anonymous

    Answer by Anonymous at 7:09 PM on Jan. 25, 2010

  • I think there's an awful lot of unnecessary spending going on everywhere in the government. A couple of years ago in my state, there was millions spent on fancy new carpet that should have cost less than $3000. And then they spent even more for some fancy new chairs. Apparently, even though the old chairs were perfectly fine, they wanted new ones to go with the carpet.
    Anonymous

    Answer by Anonymous at 7:13 PM on Jan. 25, 2010

  • Of the many economies that gorged on debt in the boom years, Dubai stood out. In the space of a few years the emirate’s investment arm, Dubai World, racked up $59 billion in debt, borrowing to build lavish developments like a giant island shaped like a palm tree to entice celebrities like Brad Pitt, and to invest in glittery properties like the MGM Grand Casino in Las Vegas.
    http://www.nytimes.com/2009/11/28/business/global/28dubai.html
    Anonymous

    Answer by Anonymous at 7:15 PM on Jan. 25, 2010

  • Oct. 3, 2008
    President Bush signed into law Friday a historic $700 billion bailout of the financial services industry, promising to move swiftly to use his sweeping new authority to unlock frozen credit markets to get the economy moving again.

    And this makes it ok?
    Carpy

    Answer by Carpy at 8:24 PM on Jan. 25, 2010

  • Yea Carpy, to liberals it does make it ok.. That is their excuse for EVERYTHING.... Despite how many times many Conservatives voiced their frustration with Bush... Especially in the end of his term...
    grlygrlz2

    Answer by grlygrlz2 at 8:29 PM on Jan. 25, 2010

  • Right grly mopst of us were never for the bailouts to begin with...nevermind some are still too busy comparing Obama to GWB's LOWEST standards..

    I guess that is how they justify it in their minds which doesnt make any sense
    tnmomofive

    Answer by tnmomofive at 8:41 PM on Jan. 25, 2010

  • Yea Carpy, to liberals it does make it ok.. That is their excuse for EVERYTHING.... Despite how many times many Conservatives voiced their frustration with Bush... Especially in the end of his term...

    Lets not forget he had dem lawmakers his last two years.
    Carpy

    Answer by Carpy at 8:46 PM on Jan. 25, 2010

  • Wowza! Does anyone know how much the tax break for middle class is going to be?? You can add that and the 100 mil to the debt pile.
    wolfmomma30

    Answer by wolfmomma30 at 3:08 AM on Jan. 26, 2010

  • Yep...I see that you made an A+ in Economics 101...... ; ) One can not re-write history. In black and white we know where Bush made mistakes. We also know where Obama, Reid and Pelosi are taking us. Behind the arrogant curtain lies three rich socialist that want to decide how much money one should make and have.
    pvtjokerus

    Answer by pvtjokerus at 7:13 AM on Jan. 26, 2010

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