This topic is about information related to the U.S. deficit and the National Debt. This is an area that NetAdvisor.org has covered in great depth due to the long term risks to the U.S. economy. Every tax payer and U.S. resident should be aware of the risks and implications of the U.S. deficit and National Debt.
Deficit
U.S. Deficit Hits All Time Record in February
While most of the current election chatter has to do with trivial news, what is lacking attention in this campaign is the fact the U.S. deficit hit an all time high in February 2012.
According to the Congressional Budget Office (Report PDF), the U.S. government spent $229 Billion more than it took in during the shortest month of the year (February 2012). That’s $229 Billion the U.S. Government spent in ONE MONTH. An International Business Times report (PDF) published on NASDAQ said the government blamed the increase in spending because they had one extra day in February…Read More…