{"id":32835,"date":"2012-11-14T01:58:07","date_gmt":"2012-11-14T05:58:07","guid":{"rendered":"http:\/\/valorguardians.com\/blog\/?p=32835"},"modified":"2012-11-14T11:45:38","modified_gmt":"2012-11-14T15:45:38","slug":"the-october-deficit-120-billion","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=32835","title":{"rendered":"The October Deficit?  $120 Billion."},"content":{"rendered":"<p>Yes, you read that correctly.\u00a0 Even though FY2013 is barely 1 month old, our Federal government is already &#8220;in the hole&#8221; $120 billion.<\/p>\n<p>The Federal government spent more than it took in during October \u2013 <a href=\"http:\/\/www.foxnews.com\/politics\/2012\/11\/13\/us-government-runs-120-billion-october-deficit\/\">roughly $120 billion more, to be precise<\/a>.\u00a0 In October, Federal revenues from all sources were only about 60% of spending.<\/p>\n<p>I can remember when an annual deficit of $120 billion was really bad news.\u00a0 Hell, according to White House figures in FY 2007 the annual total budget deficit (sum of on- and off-budget lines) <a href=\"http:\/\/www.whitehouse.gov\/sites\/default\/files\/omb\/budget\/fy2013\/assets\/hist01z1.xls\">was only $160 billion<\/a>.<\/p>\n<p>In case you&#8217;re wondering just how bad this is &#8211; I\u2019ll save you the trouble of finding your calculator.\u00a0 If repeated for the rest of the Federal fiscal year that works out to an <em>annual deficit of $1,440 billion \u2013 or <span style=\"text-decoration: underline;\">$1.44 trillion<\/span>.<\/em><\/p>\n<p>Looks like Apu the Hindu was right.\u00a0 Financially we are truly screwed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yes, you read that correctly.\u00a0 Even though FY2013 is barely 1 month old, our Federal government &hellip; <a title=\"The October Deficit?  $120 Billion.\" class=\"hm-read-more\" href=\"https:\/\/www.azuse.cloud\/?p=32835\"><span class=\"screen-reader-text\">The October Deficit?  $120 Billion.<\/span>Read more<\/a><\/p>\n","protected":false},"author":623,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-32835","post","type-post","status-publish","format-standard","hentry","category-politics"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/32835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/623"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32835"}],"version-history":[{"count":0,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/32835\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}