Recovery: U.S. Posts Longest String of Consecutive Monthly Budget Deficits in History

May 13th, 2010

In other Green Shoots news: Food-Stamp Tally Nears 40 Million, Sets Record.

Via: Reuters:

The United States posted an $82.69 billion deficit in April, nearly four times the $20.91 billion shortfall registered in April 2009 and the largest on record for that month, the Treasury Department said on Wednesday.

It was more than twice the $40-billion deficit that Wall Street economists surveyed by Reuters had forecast and was striking since April marks the filing deadline for individual income taxes that are the main source of government revenue.

Department officials said that in prior years, there was a surplus during April in 43 out of the past 56 years.

The government has now posted 19 consecutive monthly budget deficits, the longest string of shortfalls on record.

…

The U.S. full-year deficit this year is projected at $1.5 trillion on top of a $1.4 trillion shortfall last year.

Posted in Collapse, Economy | Top Of Page

One Response to “Recovery: U.S. Posts Longest String of Consecutive Monthly Budget Deficits in History”

  1. tochigi says:
    May 13, 2010 at 4:42 am

    all is going according to plan, i see.
    as the recorded message repeats incessantly on the travelator between Ebisu station and Yebisu Garden Place:

    “the end of the walk is ahead. please watch your step.”

    (woman’s voice; english accent; slightly rising intonation)

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